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Under a periodic inventory system Oa. accounting records continuously disclose the amount of inventory Ob. inventory is debited when goods are returned to vendors Oc.
Under a periodic inventory system Oa. accounting records continuously disclose the amount of inventory Ob. inventory is debited when goods are returned to vendors Oc. a physical inventory is taken at the end of the period Od. a separate account for each type of merchandise is maintained in a subsidiary ledger
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