question archive An entity uses the perpetual inventory control system and the owner takes inventory for his own personal use Which account will be debited, and which account will be credited? OA
An entity uses the perpetual inventory control system and the owner takes inventory for his own personal use Which account will be debited, and which account will be credited? OA
Subject:AccountingPrice: Bought3
An entity uses the perpetual inventory control system and the owner takes inventory for his own personal use Which account will be debited, and which account will be credited? OA. The purchases account will be debited, and the drawings account will be credited. OB. The drawings account will be debited, and the purchases account will be credited. OC. The inventory account will be debited, and the drawings account will be credited. D. The drawings account will be debited, and the inventory account will be credited. Reset Selection
