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    Fundamental Accounting Principles Study Set 5
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    Exam 7: Accounting Information Systems
  5. Question
    A Company Using the Periodic Inventory System Does Not Record
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A Company Using the Periodic Inventory System Does Not Record

Question 46

Question 46

True/False

A company using the periodic inventory system does not record the increase in cost of goods sold and decrease in inventory at the time of each sale in the sales journal.

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