Question: A perpetual inventory system: Multiple Choice usually maintains inventory records only in terms of physical units on hand. uses a purchases account to record additions

A perpetual inventory system:
Multiple Choice
usually maintains inventory records only in terms of physical units on hand.
uses a purchases account to record additions to inventory.
eliminates the need to periodically take a physical inventory count.
keeps a running record of the amount of inventory on hand.
A perpetual inventory system: Multiple Choice usually maintains inventory records only

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