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According to the Behavior Based Selection Technique, Which of the Following

question 66

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According to the behavior based selection technique, which of the following principles is true?


Definitions:

Periodic Inventory System

A periodic inventory system is a method of inventory valuation in which physical inventory counts are performed at specific intervals to determine the cost of goods sold and ending inventory.

Ending Inventory

The total value of a company's inventory available at the end of an accounting period, instrumental in calculating the cost of goods sold.

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