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.

---

Definitions:

Anaerobic Respiration

is a form of respiration using electron acceptors other than oxygen. It often occurs in bacteria and in muscle cells.

Endomysium

A thin layer of connective tissue that surrounds each individual muscle fiber, providing structural support and facilitating the transmission of force.

Organelle

Specialized structures within a cell that perform specific functions necessary for the cell's life.

ATP Energy

The primary energy carrier in all living organisms, ATP (adenosine triphosphate) provides energy for various biological processes by releasing energy when it's broken down into ADP (adenosine diphosphate).