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In a periodic inventory system, the cost of purchases is debited to: (a) purchases; (b) COGS; (c) inventory; (d) A/P; or (e) prepaid rent.
In a periodic inventory system, the cost of purchases is debited to:
(a) purchases;
(b) COGS;
(c) inventory;
(d) A/P; or
(e) prepaid rent.
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The Birth Of American Accountancy
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534681, 9780367534684
