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Technology Has Made the Periodic Inventory System More Popular and Easier

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Technology has made the periodic inventory system more popular and easier to apply.


Definitions:

Journal Entries

Records of financial transactions in accounting, marking debits and credits to accounts.

Medical Supplies

Items used in health care services, including consumables and durable medical equipment.

Journal Entry

A record in accounting that notes every financial transaction of a company, indicating debits and credits to different accounts.

Revokes

The act of cancelling or withdrawing something, such as a law, right, or agreement.

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