Question

Under a periodic inventory system

a.inventory is debited when goods are returned to vendors.
b.a separate account for each type of merchandise is maintained in a subsidiary ledger.
c.accounting records continuously disclose the amount of inventory.
d.a physical inventory is taken at the end of the period.

Answer 1

d.a physical inventory is taken at the end of the period

Step-by-step explanation:

The periodic inventory only updates the ending inventory balance in the general ledger when you conduct a physical inventory count.

Therefore, Under a periodic inventory system, a physical inventory is taken at the end of the period.