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Tanzania [10]
3 years ago
11

When a periodic inventory system is used, a.only the reduction of inventory is recorded each time a sale is made. b.only the cos

t of goods sold is recorded each time a sale is made. c.only revenue is recorded each time a sale is made. d.None of these choices are correct.
Business
1 answer:
Anika [276]3 years ago
7 0

Answer:

c. only revenue is recorded each time a sale is made.

Explanation:

A periodic inventory system is a system used to define the amount of inventory at the end of an specified period. To achieve this revenue is recorded each time.

I hope you find this information useful and interesting! Good luck!

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The answer and procedures of the exercise are attached in a microsoft excel document.  

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