Under the perpetual inventory system,purchases are entered into the asset account,Inventory,at the:

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Under the perpetual inventory system, purchases are recorded in the Inventory asset account at the time of purchase. This means that each time a purchase is made, the Inventory account is updated to reflect the new items that have been added to the inventory. This allows for real-time tracking of inventory levels and cost of goods sold.

Under the Perpetual Inventory System,purchases Are Entered into the Asset