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  3. under a perpetual inventory system a) accounting

under a perpetual inventory system a) accounting records continuously disclose the amount of inventory...

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Accounting

under a perpetual inventory system

a) accounting records continuously disclose the amount of inventory

b) there is no need for a year -end physical count.

c) increases in inventory resulting from purchases are debited to purchases .

d) the account purchase returns and allowances is credited when goods are returned to vendors .

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