When merchandise is maintained using a periodic inventory system, the balance in the Merchandise Inventory...
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Accounting
When merchandise is maintained using a periodic inventory system, the balance in the Merchandise Inventory general ledger account is updated each time a physical inventory is taken, either at month or yearend. True False 
When merchandise is maintained using a periodic inventory system, the balance in the Merchandise Inventory general ledger account is updated each time a physical inventory is taken, either at month or yearend.
True
False
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