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  3. under the ______ inventory system, the account ___

Under the ______ inventory system, the account ____________________ is used to record all transactions: ...

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Accounting

  1. Under the ______ inventory system, the account ____________________ is used to record all transactions:
    1. ____________________ is debited to record purchases and related procurement charges.
    2. _________________ is credited to record returns and discounts.

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