Question: Distinguish between the journal entries in a periodic inventory system and a perpetual inventory system (a) Made by the buyer, (b) Made by the seller.

Distinguish between the journal entries in a periodic inventory system and a perpetual inventory system

(a) Made by the buyer,

(b) Made by the seller.

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a Entries for purchases made by the buyer 1 Periodic Debit Credit Purchases XX Accounts Payable XX P... View full answer

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