[Answered] If a company uses a periodic inventory system, it most likely updates its inventory records at the ...

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ishan

Hero Member
Posts: 546

on: Jul 5, 2018

If a company uses a periodic inventory system, it most likely updates its inventory records at the time of every ________.

A) purchase
B) sale
C) return
D) physical inventory count

Question 2

____________________ are deposits that have not reached or been recorded by the bank before the bank statement is prepared.
Fill in the blank(s) with correct word

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pallen55

Sr. Member
Posts: 331

Reply #1 on: Jul 5, 2018

Answer to Question 1

D

Answer to Question 2

Deposits in transit

ishan

Hero Member
Posts: 546

Reply #2 on: Jul 5, 2018

Thank you

pallen55

Sr. Member
Posts: 331

Reply #3 on: Jul 5, 2018

No problemo

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