Perpetual inventory systems often use technology such as bar codes,optical scanners,and computers.
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Q6: In a perpetual inventory system,only one journal
Q7: "Shrinkage" is another term for inventory loss
Q8: Reductions in the selling price of merchandise
Q9: Credit terms of "2/10,n/30" mean that if
Q10: Operating activities involve both inflows and outflows
Q12: The Sales Returns and Allowances account balance
Q13: Sales discounts are offered to delay payments
Q14: Customers are the biggest source of shrinkage
Q15: Merchandise inventory for sale is recorded in
Q16: Unlike manufacturers and merchandisers,service companies do
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