In a perpetual inventory system,the Cost of Goods Sold account is debited at the time of each sale.

Name: In a perpetual inventory system,the Cost of Goods Sold account is debited at the time of each sale.
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In a perpetual inventory system, the Cost of Goods Sold account is debited at the time of each sale to reflect the cost of the goods that were sold. This ensures that the inventory and cost of goods sold accounts are always up to date and accurate.

In a Perpetual Inventory System,the Cost of Goods Sold Account