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Question 7 If a company uses a perpetual inventory system, it will maintain all the following accounts except: purchases. inventory. sales. cost of goods sold.

Question 7

  1. If a company uses a perpetual inventory system, it will maintain all the following accounts except:

    purchases.

    inventory.

    sales.

    cost of goods sold.

    All of the above accounts are used with a perpetual inventory system.

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