Question: When using a perpetual inventory system to record inventory transactions, A. Inventory account is updated periodically. B. Cost of goods sold is recorded with each

When using a perpetual inventory system to record inventory transactions,

A. Inventory account is updated periodically.

B. "Cost of goods sold" is recorded with each sale.

C. Sales revenue is recorded at the end of a period

D. "Purchases" account is used to record a purchase of Inventory.

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