In a Periodic Inventory System,there Is No Need to Record

question 274

True/False

In a periodic inventory system,there is no need to record an entry to Merchandise Inventory and Cost of Goods Sold when a sale occurs.

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Definitions:

Developmentally

Pertaining to the process of growth and development in organisms, particularly in the context of physical, emotional, or intellectual progress.

Psychological Counseling

A therapeutic process aimed at helping individuals deal with mental health issues or life challenges through verbal communication.

Social Worker

A professional dedicated to helping individuals, families, and groups cope with challenges and improve their well-being through social resources.

Developmental Delays

A condition where a child does not reach their developmental milestones at the expected times.