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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 6: Special Journals and Subsidiary Ledgers: the Basics: Sales and Cash
  5. Question
    In a Perpetual Inventory System the Inventory Account
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In a Perpetual Inventory System the Inventory Account

Question 77

Question 77

Multiple Choice

In a perpetual inventory system the inventory account


A) is updated after every sale.
B) is only updated at the end of period.
C) is an asset account.
D) both A and C are correct.

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