Question: is this correct? will upvote! The primary difference between a periodic and perpetual inventory system is that a periodic system: Multiple Choice keeps a record

is this correct? will upvote!

The primary difference between a periodic and perpetual inventory system is that a periodic system: Multiple Choice keeps a record showing the physical inventory on hand at all time. automatically updates the Inventory account. automatically updates the Cost of Goods Sold account. must calculate Cost of Goods Sold and Inventory at the end of the accounting period

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