At the end of the accounting period, the merchandise inventory account is debited for the beginning inventory amount.

Name: At the end of the accounting period, the merchandise inventory account is debited for the beginning inventory amount.
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The beginning inventory amount is typically credited to the merchandise inventory account at the start of the accounting period, not debited at the end. This account is then adjusted throughout the period for purchases, returns, and cost of goods sold.

At the End of the Accounting Period, the Merchandise Inventory