True or false accounting question if false please indicate why you choose it?

1. sales salaries is an example of an operating expense.





2. the operating cycle of a merchandiser is the same as that of a service company.





3. in a perpetual inventory system, no detailed inventory records of goods on hand are maintained.True or false accounting question if false please indicate why you choose it?
1. False, because sales salaries is considered a selling expense.





2. False, because service companies do not have merchandise (inventory).





3. False, because a perpetual inventory system must keep a detailed inventory count because it must be constantly updated.





True or false accounting question if false please indicate why you choose it?
false, u should know why

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