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Progress:15/25 items Question Content Area Under a periodic inventory system ...

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Accounting

Progress:15/25 items
Question Content Area
Under a periodic inventory system
a. a physical inventory is taken at the end of the period
b. Inventory is debited when goods are returned to vendors
c. a separate account for each type of merchandise is maintained in a subsidiary ledger
d. accounting records continuously disclose the amount of inventory

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