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    Fundamental Accounting Principles Study Set 1
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    Exam 5: Accounting for Merchandising Operations
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    Describe the Difference(s) Between the Periodic and the Perpetual Inventory
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Describe the Difference(s) Between the Periodic and the Perpetual Inventory

Question 146

Question 146

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Describe the difference(s) between the periodic and the perpetual inventory accounting systems.

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Under a perpetual system each purchase, ...

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