Which of the following describes features of a perpetual inventory system? A. Technology is normally used to

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Which of the following describes features of a perpetual inventory system?
A. Technology is normally used to record inventory changes.
B. Merchandise bought is recorded as purchases.
C. An adjusting journal entry is required at year end, to match physical counts to the asset account.
D. Inventory is updated at the end of the period.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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