The perpetual system requires that each sale of merchandise has two entries: the revenue side and the cost side.

Name: The perpetual system requires that each sale of merchandise has two entries: the revenue side and the cost side.
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The perpetual system tracks inventory on a continuous basis and requires that each sale of merchandise has two entries: the revenue side and the cost side, which helps to accurately calculate gross profit and cost of goods sold.

The Perpetual System Requires That Each Sale of Merchandise Has