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11 Dec 2019
Which of the following is a characteristic of a perpetual inventory system?
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Inventory purchases are debited to the inventory
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Inventory records are not kept for every item
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Cost of goods sold is recorded for each sale
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Cost of goods sold is determined as the number of purchases
Which of the following is a characteristic of a perpetual inventory system?
-
Inventory purchases are debited to the inventory
-
Inventory records are not kept for every item
-
Cost of goods sold is recorded for each sale
-
Cost of goods sold is determined as the number of purchases
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