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Business, 21.04.2020 00:14 austinross363

Under a periodic inventory system:.
1. accounting records continuously disclose the amount of inventory.
2. increases in inventory resulting from purchases are debited to purchases.
3. there is no need ever for a physical count.
4. the account inventory is credited when goods are returned to vendors.

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Under a periodic inventory system:.
1. accounting records continuously disclose the amount of...
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