Question: QUESTION 4 0 Under a periodic inventory system a . a physical inventory is taken at the end of the period b . a separate

QUESTION 40
Under a periodic inventory system
a. a physical inventory is taken at the end of the period
b. a separate account for each type of merchandise is maintained in a subsidiary ledger
c. Inventory is debited when goods are returned to vendors
d. accounting records continuously disclose the amount of inventory
QUESTION 40 Under a periodic inventory system a. a physical inventory

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