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    Financial Accounting Study Set 31
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    Exam 5: Accounting for Merchandising Operations
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    Detailed Records of Goods Held for Resale Are Not Maintained
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Detailed Records of Goods Held for Resale Are Not Maintained

Question 154

Question 154

Multiple Choice

Detailed records of goods held for resale are not maintained under a


A) perpetual inventory system.
B) periodic inventory system.
C) double entry accounting system.
D) single entry accounting system.

Correct Answer:

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