With the periodic inventory system,the Inventory account is updated after each sale or purchase of merchandise.

Name: With the periodic inventory system,the Inventory account is updated after each sale or purchase of merchandise.
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In a periodic inventory system, the Inventory account is not updated after each sale or purchase of merchandise. Instead, the Inventory account is only updated at the end of the accounting period based on a physical inventory count.

With the Periodic Inventory System,the Inventory Account Is Updated After