$6.6\mathrm{.}2$ Which of the following is an advantage of the periodic inventory system?

A$.$ frequent physical inventory counts

B$.$ cost prohibitive

C$.$ time consuming

D$.$ real$-$time information for managers

$7.6\mathrm{.}2$ Which of the following is not a reason for the physical inventory count to differ from what is

recognized on the company$$s books?

A$.$ mismanagement

B$.$ shrinkage

C$.$ damage

D$.$ sale of services to customers

$8.6\mathrm{.}2$ Which of the following is not included when computing Net Purchases?

A$.$ purchase discounts

B$.$ beginning inventory

C$.$ purchase returns

D$.$ purchase allowances

$9.6\mathrm{.}3$ Which of the following accounts are used when recording a purchase?

A$.$ cash, merchandise inventory

B$.$ accounts payable, merchandise inventory

C$.$ A or B

D$.$ cash, accounts payable