Why is it necessary to adjust the Merchandise Inventory account under a periodic inventory system?

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:27 AM

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Why is it necessary to adjust the Merchandise Inventory account under a periodic inventory system?

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College Accounting

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