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(T / F) Perpetual inventory procedure requires an entry to Merchandise Inventory whenever goods are purchased, returned sold, or otherwise adjusted, so that inventory records
(T / F) Perpetual inventory procedure requires an entry to Merchandise Inventory whenever goods are purchased, returned sold, or otherwise adjusted, so that inventory records reflect actual units on hand at all times. Thus, an entry is required to record cost of goods sold for each sale. Select one: True Fals
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