When a sale occurs under the periodic inventory system, we record: both the sale and...
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Accounting
When a sale occurs under the periodic inventory system, we record: both the sale and the related cost of goods sold only the cost of goods sold, but not the sale only the sale, but not the related cost of goods sold 
When a sale occurs under the periodic inventory system, we record:
both the sale and the related cost of goods sold
only the cost of goods sold, but not the sale
only the sale, but not the related cost of goods sold
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You can see the logs in the Dashboard.