Question: Under a periodic inventory system a . a physical inventory is taken at the end of the period b . accounting records continuously disclose the

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

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