When Using the Periodic Inventory System,there Is No Need to Record

question 223

True/False

When using the periodic inventory system,there is no need to record an adjusting entry for inventory shrinkage.

---

Definitions:

Autonomy

The capacity to make an informed, uncoerced decision independently or the state of being self-governing.

Intimacy

Intimacy is defined as a close and often affectionate or loving personal connection with another individual or group.

Amygdala

A part of the brain's limbic system involved in processing emotions, especially fear and pleasure.

Late Adulthood

A stage in the human life span typically characterized by retirement, aging, and facing issues related to mortality and legacy.