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aof.sorular.net Accountıng I ACCOUNTING I Dersi Merchandising Operations soru cevapları

ACCOUNTING I Dersi Merchandising Operations soru detayı:

PAYLAŞ:

SORU:

What is periodic inventory system?


CEVAP:

Periodic inventory system is used by the companies with inexpensive inventories and manual accounting systems. In periodic inventory system, companies use “Purchase” account to record their purchases of inventories and there is no record for Cost of Goods Sold (COGS) until the end of accounting period.