When a Periodic Inventory System Is in Use,the Inventory Account

question 101

True/False

When a periodic inventory system is in use,the Inventory account is updated only at the end of the period.

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Definitions:

Layout View

A feature in database and application development tools that allows users to visually arrange or design forms, reports, and interfaces.

Form View

A display format in database management systems that allows data to be viewed and edited as a form, showing one record at a time.

Subdatasheet

A feature in some database applications allowing a nested table to be displayed within a main table for related records.

Related Table

In databases, a table that is connected to another table through a common field, enabling relational data management.