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    Business
  3. Study Set
    Fundamental Financial Accounting Concepts
  4. Exam
    Exam 4: Accounting for Merchandising Businesses
  5. Question
    The Chief Advantage of the Periodic System Is
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The Chief Advantage of the Periodic System Is

Question 30

Question 30

Multiple Choice

The chief advantage of the periodic system is:


A) efficiency and ease of recording.
B) immediate feedback on the inventory on hand at any time during the period.
C) timely discovery of losses due to theft.
D) better control over inventory.

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