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  3. Study Set
    Fundamentals of Financial Accounting Study Set 2
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    Exam 6: Merchandising Operations and the Multi-Step Income Statement
  5. Question
    In a Perpetual Inventory System,only One Journal Entry Is Required
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In a Perpetual Inventory System,only One Journal Entry Is Required

Question 1

Question 1

True/False

In a perpetual inventory system,only one journal entry is required when goods are sold from inventory.

Correct Answer:

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