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    Barharb hogans's Avatar
    Barharb hogans Posts: 2, Reputation: 1
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    #1

    Jun 27, 2009, 06:37 AM
    Perpetual inventory system
    In a perpetual inventory system, the cost of purchased is deited to what account?
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #2

    Jun 30, 2009, 11:03 AM

    The debit is to the relative inventory account and not the purchases account
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