The Alberta Corporation maintains a perpetual inventory system but only keeps track of the number of units

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The Alberta Corporation maintains a perpetual inventory system but only keeps track of the number of units of inventory. The company actually makes its journal entries as is done in a periodic system. What is the reason for adopting this approach?

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Posted Date: Apr 22, 2024 03:35 AM

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The Alberta Corporation maintains a perpetual inventory system but only keeps track of the number of units

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ANSWER The reason for adopting a perpetual inventory system while making journal entries as is done in a periodic system could be to gain the benefits ... View the full answer

Principles of Accounting

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