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  3. Study Set
    Principles of Accounting Study Set 1
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    Exam 6: Accounting for Merchandising Operations
  5. Question
    Under the Perpetual Inventory System,the Cost of Goods Sold and Merchandise
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Under the Perpetual Inventory System,the Cost of Goods Sold and Merchandise

Question 81

Question 81

True/False

Under the perpetual inventory system,the Cost of Goods Sold and Merchandise Inventory accounts are updated with each sale.

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