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H3Ko H3Ko
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8 years ago
Which of the following statements is not correct?
A) Restaurants and small retail stores often use the periodic inventory system.
B) In a perpetual inventory system, the "cash register" at the store is a computer terminal that records sales and updates inventory records.
C) Even in a perpetual inventory system, a business must count inventory at least one a year.
D) In a periodic inventory system, merchandise inventory and purchasing systems are integrated with the records for Accounts Receivable and Sales Revenue.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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#1
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8 years ago
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H3Ko Author
wrote...
#2
8 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
wrote...
#3
6 years ago
was confused on this in class
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#4
6 years ago
thank you!
wrote...
#5
6 years ago
thank you
wrote...
#6
5 years ago
Thanks
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#7
4 years ago
Hi! help
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