Under a periodic inventory system,no entry is made at the time of sale to reflect cost of goods sold.

Name: Under a periodic inventory system,no entry is made at the time of sale to reflect cost of goods sold.
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Question

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Under periodic inventory system, the cost of goods sold is calculated at the end of the accounting period through a physical count of inventory on hand. No entry is made at the time of sale to reflect cost of goods sold.

Under a Periodic Inventory System,no Entry Is Made at the Time