When using a periodic inventory system,the Merchandise Inventory DR column,in the purchases journal,is replaced with a column titled Cost of Goods Sold DR.

Name: When using a periodic inventory system,the Merchandise Inventory DR column,in the purchases journal,is replaced with a column titled Cost of Goods Sold DR.
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When using a periodic inventory system, the Merchandise Inventory DR column, in the purchases journal, is replaced with a column titled Purchases DR.

When Using a Periodic Inventory System,the Merchandise Inventory DR Column,in