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In the periodic inventory system, the purchase of inventory on credit is accounted for as follows:a.Debit purchases, Credit Inventory.b.Debit purchases, Credit creditors.c.Debit inventory, Credit Creditors.d.Debit

In the periodic inventory system, the purchase of inventory on credit is accounted for as follows:a.Debit purchases, Credit Inventory.b.Debit purchases, Credit creditors.c.Debit inventory, Credit Creditors.d.Debit purchases, Credit Cash

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