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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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    A Physical Inventory Should Be Taken
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A Physical Inventory Should Be Taken

Question 197

Question 197

Multiple Choice

A physical inventory should be taken


A) after every purchase of merchandise.
B) after every sale.
C) at or near the balance sheet date.
D) only if a computer accounting system is used.

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