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Is an adjusting entry required to update inventory when using QuickBooks? 1. Yes, for shrinkage...

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Accounting

Is an adjusting entry required to update inventory when using QuickBooks?

1. Yes, for shrinkage

2. None of the answers are correct

3. Yes, since inventory is only updated once a year to show changes for sales and purchases

4. No, inventory is constantly updated

Answer & Explanation Solved by verified expert
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