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A periodic Inventory system will include all of the following except: A. No detailed records of the inventory are maintained during the accounting period. B.
A periodic Inventory system will include all of the following except:
A. No detailed records of the inventory are maintained during the accounting period.
B. Inventory figure is accurate only on the balance sheet date
C It is less costly to maintain but may lead to lost sales
D Continuous records are kept of individual items as they are bought and sold
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