Under the periodic inventory system, the balance in the inventory account changes each time a purchase or sale is recorded.

Name: Under the periodic inventory system, the balance in the inventory account changes each time a purchase or sale is recorded.
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Under the periodic inventory system, the inventory account balance only changes at the end of the period when a physical count is taken, and the cost of goods sold and purchases are calculated based on that count.

Under the Periodic Inventory System, the Balance in the Inventory