Question: Question Content Area Under a perpetual inventory system, a . accounting records continuously disclose the amount of inventory b . there is no need for

Question Content Area
Under a perpetual inventory system,
a. accounting records continuously disclose the amount of inventory
b. there is no need for a year-end physical count
c. the purchases returns and allowances account is credited when goods are returned to vendors
d. increases in inventory resulting from purchases are debited to Purchases

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