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Bidbid government school acquires inventory monthly from vendors after authorization from the ministry of education....

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Accounting

Bidbid government school acquires inventory monthly from vendors after authorization from the ministry of education. Stores manager of a government school recognizes its inventory like stationery and other supplies for school staff based on monthly usage in the school. This method of recognizing inventory is an example of

a-Purchase method

b-Periodic purchases method

c-Perpetual inventory method

d-Consumption method

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