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In a periodic inventory system,recording a sale on account involves crediting which of the following accounts?
System
A set of interconnected elements or components that are organized to function together as a complex whole.
Kenneth Boulding
An economist, educator, peace activist, and interdisciplinary philosopher who made contributions in systems theory, ecological economics, and conflict and peace studies.
Equivocality
The existence of multiple and potentially conflicting interpretations or meanings within a communication context.
Predictable Context
An environment or situation in which outcomes can be anticipated based on known variables, past experiences, and established patterns.
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