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Which of the following is true of a perpetual inventory system?. Accounting & Finance
Main page
Library
Accounting & Finance
Which of the following is true of a perpetual inventory system?
2019-09-11 14:25:11
Accounting & Finance
It provides a figure for cost of goods sold only after a physical stocktake
It uses an inventory account but not a purchases account
It uses a purchases account but not an inventory account
None of the above
It is the least common inventory system
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