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H3Ko H3Ko
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Posts: 4891
8 years ago
When a company uses a perpetual inventory system, all merchandise transactions are updated as and when they occur. However, the inventory account may not show the current balance at all times.
A) True
B) False
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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Posts: 2227
8 years ago
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H3Ko Author
wrote...
8 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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8 years ago
I'm liking this Slight Smile
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