Under a Periodic Inventory System

question 131

Multiple Choice

Under a periodic inventory system

• A) accounting records continuously disclose the amount of inventory
• B) a separate account for each type of merchandise is maintained in a subsidiary ledger
• C) a physical inventory is taken at the end of the period
• D) inventory is debited when goods are returned to vendors

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Definitions:

Food

Nutritious substances that organisms eat or absorb in order to maintain life and growth.

Basal Metabolic Rate

The speed at which the body consumes energy when in a resting state to uphold essential operations like breathing and maintaining body heat.

Vasoconstriction

The narrowing of blood vessels, which increases blood pressure and reduces blood flow to certain areas.

Blood Temperature

The temperature of the blood in the body, which is maintained around 37°C (98.6°F) under normal conditions.