In a retail business that uses a perpetual inventory system,scanning a bar code:
A)calculates the amount owed by the customer.
B)identifies the item sold to be removed from the Inventory account.
C)identifies the item sold to be recorded in the Cost of Goods Sold account.
D)all of the above.

Question

Quizplus · Accepted Answer

Scanning a bar code in a perpetual inventory system performs all the listed functions: it calculates the amount owed, updates the Inventory account, and records the Cost of Goods Sold.

In a Retail Business That Uses a Perpetual Inventory System,scanning