In a periodic inventory system,there is no need to record an entry to Merchandise Inventory and Cost of Goods Sold when a sale occurs.

Name: In a periodic inventory system,there is no need to record an entry to Merchandise Inventory and Cost of Goods Sold when a sale occurs.
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In a periodic inventory system, purchases are recorded in a purchases account, and the inventory and cost of goods sold are updated at the end of the period through a physical count, not at the time of each sale.

In a Periodic Inventory System,there Is No Need to Record