Why does the periodic inventory system impose a major disadvantage for management in accounting for lost, stolen,

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Why does the periodic inventory system impose a major disadvantage for management in accounting for lost, stolen, or damaged goods?

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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Question Posted: Jan 03, 2012 04:33 AM

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Why does the periodic inventory system impose a major disadvantage for management in accounting for lost, stolen,

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