If We Look Back in History, Why Has the Role

question 83

Essay

If we look back in history, why has the role of creating money fallen to central banks?

Differentiate between the accounts impacted in the perpetual inventory system.

Know how to record freight charges and merchandise purchases on credit under both systems.

Understand the implications of merchandise returns on account balances under the perpetual inventory system.

Familiarize with the necessity of a physical inventory under the periodic system and its absence in the perpetual system.

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