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27 November, 15:03

In a perpetual inventory system:

a. Merchandise Inventory is debited every time inventory is purchased

b. cost of Goods Sold is debited every time inventory is sold

c. a physical inventory is taken at least annually

d. All of the above.

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  1. 27 November, 15:12
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    b. cost of Goods Sold is debited every time inventory is sold
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