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Business, 19.12.2019 00:31 BreBreDoeCCx

Under a periodic inventory system

a. a physical inventory is taken at the end of the period
b. a separate account for each type of merchandise is maintained in a subsidiary ledger
c. accounting records continuously disclose the amount of inventory
d. merchandise inventory is debited when goods are returned to vendors

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Under a periodic inventory system

a. a physical inventory is taken at the end of the pe...
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