An inventory system in which merchandise is physically counted at least once a year to determine the value of goods available for sale is known as a periodic inventory system.

Question

An inventory system in which merchandise is physically counted at least once a year to determine the value of goods available for sale is known as a periodic inventory system.​

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The Answer of An inventory system in which merchandise is physically counted at least once a year to determine the value of goods available for sale is known as a periodic inventory system.​

An Inventory System in Which Merchandise Is Physically Counted at Least