Under a Periodic Inventory System,closing Entries Will Include

question 21

Multiple Choice

Under a periodic inventory system,closing entries will include

• A)debits to Sales,Purchases Returns and Allowances,and Purchases Discounts
• B)credits to the Allowance for Doubtful Accounts
• C)adjustments to the merchandise inventory account to match physical inventory
• D)all of these

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Definitions:

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