If a company uses a periodic inventory system, it most likely ...

[ishan]

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

[pallen55]

Answer to Question 1

D

Answer to Question 2

Deposits in transit

[ishan]

Thank you

[pallen55]

No problemo