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Question 8: Which of the following describes features of a perpetual inventory system? a. Technology...

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Accounting

Question 8: Which of the following describes features of a perpetual inventory system?

a. Technology is normally used to record inventory changes.

b. Merchandise bought is recorded as purchases.

c. Merchandise bought is recorded as purchases.

d. Merchandise bought is recorded as purchases.

e. An adjusting journal entry is required at year end, to match physical counts to the asset account.

f. Inventory is updated at the end of the period.

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