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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
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    Under a Perpetual Inventory System, Any Freight Which Is Incurred
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Under a Perpetual Inventory System, Any Freight Which Is Incurred

Question 89

Question 89

True/False

Under a perpetual inventory system, any freight which is incurred when purchasing the inventory is debited to the inventory account.

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