The Periodic Inventory System Keeps a Running Record of Inventory

question 49

True/False

The periodic inventory system keeps a running record of inventory and cost of sales.

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Definitions:

Restores Changes

The process of reverting a document or file back to a previous state by undoing recent modifications or from a backup.

Deletes Record

The action or command in database management systems to permanently remove a record from a table.

Table Design View

A feature in database systems like Microsoft Access that allows users to visually set up their tables, defining fields, data types, and relationships.

Field

In computing, an area allocated for a specific piece of data within a database or software application.