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using a perpetual inventory system, the effect on the accounting equation of purchasing merchandise on account includes a(n) . (check all that apply.) multiple select question. increase in assets increase in liabilities decrease in stockholders' equity decrease in assets

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jayilych4real

Using a perpetual inventory system, the effect on the accounting equation of purchasing merchandise on account includes

  • a. increase in liabilities
  • c. increase in assets

What is a Perpetual Inventory System?

This refers to the system that is used in order to make continuous accounting of inventory with the use of electronic means.

Hence, we can see that based on the given question, there is the question on the effect on the accounting equation of purchasing merchandise when a perpetual inventory system is used and the answers are that there would be increases in both the liabilities and assets.

The answers are options A and C.

With this in mind, it can he seen that the correct answer to the given question about the use of a perpetual inventory system is given above

Read more about perpetual inventory systems here:

https://brainly.com/question/25014592

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