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Inventory Overages and Shortages

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Inventory overages and shortages
Explain how an inventory overage or shortage between the perpetual inventory record and the physical inventory record is adjusted. Is this any different when using a periodic inventory system?


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A contracted version of a word or phrase.

Musculoskeletal

Relating to or involving the muscles and the skeleton.

Abbreviation

A shortened form of a word or phrase, used to save space or for convenience.

Limitation

A restriction or boundary that confines or restricts something, often referring to limitations in contracts, abilities, or physical barriers.

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