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    College Accounting Study Set 5
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    Exam 13: Accounting for Merchandise Inventory
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    If a Difference Is Found Between the Physical Count and the Amount
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If a Difference Is Found Between the Physical Count and the Amount

Question 77

Question 77

True/False

If a difference is found between the physical count and the amount in the perpetual inventory records, the records must be corrected by an appropriate adjusting entry.

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