Question: The difference between a perpetual inventory system and a periodic inventory system is: a. periodic will record inventory purchases in the inventory account. b. perpetual

The difference between a perpetual inventory system and a periodic inventory system is:

a. periodic will record inventory purchases in the inventory account.

b. perpetual requires a physical inventory count.

c. periodic will record the cost of goods sold amount at the sale.

d. periodic will adjust inventory at the end of each period with a physical count.

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