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    Accounting Study Set 3
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    Exam 5: Merchandising Operations
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    Even in a Perpetual Inventory System That Updates the Inventory
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Even in a Perpetual Inventory System That Updates the Inventory

Question 118

Question 118

True/False

Even in a perpetual inventory system that updates the inventory account as and when transactions occur,the business must count its inventory at least once in a year.

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