Under the periodic inventory system, the journal entry to record the cost of merchandise sold at the point of sale will include the following account

Name: Under the periodic inventory system, the journal entry to record the cost of merchandise sold at the point of sale will include the following account
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Under the periodic inventory system, no entry is made at the point of sale to record the cost of merchandise sold. The cost of goods sold is determined at the end of the accounting period.

Under the Periodic Inventory System, the Journal Entry to Record