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4 votes
In a perpetual inventory system:

a. Merchandise Inventory is debited every time inventory is purchased
b. cost of Goods Sold is debited every time inventory is sold
c. a physical inventory is taken at least annually
d. All of the above.

User Seyyed
by
8.3k points

1 Answer

3 votes

b. cost of Goods Sold is debited every time inventory is sold

User Rune Jensen
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