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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 4: Accounting for Merchandising Businesses
  5. Question
    What Is the Chief Advantage of the Periodic System
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What Is the Chief Advantage of the Periodic System

Question 10

Question 10

Multiple Choice

What is the chief advantage of the periodic system?


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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