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erastovalidia [21]
3 years ago
13

Under a periodic inventory system

Business
1 answer:
balandron [24]3 years ago
5 0

Answer:

The correct answer is letter "A": a physical inventory is taken at the end of the period.

Explanation:

When the general ledger is only updated by the end of a period it is said that the firm is using a periodic inventory system. This approach is implemented because physical inventories could be time-consuming. It is even more helpful for small businesses since their inventory is limited.

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