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  3. Study Set
    Fundamental Accounting Principles
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    Exam 5: Accounting for Merchandising Activities
  5. Question
    In a Perpetual Inventory System, the Net Cost of Purchases
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In a Perpetual Inventory System, the Net Cost of Purchases

Question 23

Question 23

True/False

In a perpetual inventory system, the net cost of purchases is accumulated in the Inventory account.

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