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  3. Study Set
    Intermediate Accounting Study Set 8
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    Exam 3: The Accounting Information System
  5. Question
    With a Perpetual Inventory System, a Company Records Purchases and Sales
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With a Perpetual Inventory System, a Company Records Purchases and Sales

Question 20

Question 20

True/False

With a perpetual inventory system, a company records purchases and sales directly in the Inventory account as the purchases and sales occur.

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