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Other Fields Homework Help Accounting Topic started by: StormLrd on Nov 10, 2017



Title: If a company is using a perpetual inventory system, the balance in its inventory account ...
Post by: StormLrd on Nov 10, 2017
If a company is using a perpetual inventory system, the balance in its inventory account three-quarters of the way through an accounting period would be equal to:
A) the total of the beginning inventory plus goods purchased during the accounting period
B) the inventory on hand at the beginning of the period
C) the amount of inventory on hand at that date
D) the amount of goods purchased during the period


Title: Re: If a company is using a perpetual inventory system, the balance in its inventory account ...
Post by: rjckE on Nov 10, 2017
C