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When merchandise is bought during a periodic inventory method, the account that is debited is purchases account. this account lists all the inventory purchases done for the business of the merchandise and also reports about the returns and discounts of the purchases.
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Under the periodic inventory method, the account increased when merchandise is purchased is Purchases Account.

What is the periodic inventory method?

The periodic inventory method is a method of accounting for inventory at the end of a financial period.

Using this method, inventory is valued not when inventory transactions are conducted, but at the end of the period.

Under this method, there is no dedicated inventory account to account for inventory movements but a purchases account is used to account for merchandise purchase.

The cost of goods sold is determined at the end of the financial period and not when sales are made, unlike under the perpetual inventory method.

Thus, under the periodic inventory method, the account increased when merchandise is purchased is Purchases Account.

Learn more about periodic inventory method at https://brainly.com/question/25887081

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