What is meant when it is said that under a periodic inventory system, inventory errors correct themselves?

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What is meant when it is said that under a periodic inventory system, inventory errors "correct themselves"?

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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Question Posted: Jun 11, 2024 12:03 AM

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What is meant when it is said that inventory errors correct themselves?
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What is meant when it is said that under a periodic inventory system, inventory errors correct themselves?

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Financial Accounting

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