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The Appearance of a Purchases Account in a Trial Balance

question 159

True/False

The appearance of a purchases account in a trial balance usually indicates that the company is using a periodic inventory system.


Definitions:

Mass Number

The total number of protons and neutrons in an atom's nucleus.

Isotopes

Variants of a particular chemical element that differ in neutron number, and consequently in nucleon number, but have the same number of protons in their nuclei.

Atomic Number

The number of protons found in the nucleus of an atom, which determines the chemical properties of an element and its place in the periodic table.

Hydrogen

The lightest and most abundant chemical element in the universe, consisting of just one proton and often one electron.

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