Respuesta :
In a perpetual inventory system, the acquisition of merchandise for resale is debited to the Inventory account. Therefore, Option A is the correct statement.
What is the acquisition of merchandise inventory?
Merchandise inventory refers to items that have been received through a distributor, wholesaler, or store from suppliers, with the cause of selling the products to third parties. This may be the single biggest asset on the position sheet of a few varieties of businesses.
The complete information is given below:
a. the Inventory account.
b. the Purchases account.
c. the Supplies account.
d. the Cost of Goods Sold account.
Thus, In a perpetual inventory system, the acquisition of merchandise for resale is debited to the Inventory account. Therefore, Option A is the correct statement.
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