Under a periodic inventory system, the cost of merchandise on hand at the end of the year is ...

Author Question: Under a periodic inventory system, the cost of merchandise on hand at the end of the year is ... (Read 39 times)

yoroshambo

Hero Member
Posts: 566

on: Jul 5, 2018

Under a periodic inventory system, the cost of merchandise on hand at the end of the year is determined by a physical count of the inventory.
a. True
b. False

Indicate whether the statement is true or false

Question 2

Obligations are recorded in budgetary accounts, but not in proprietary accounts.

Indicate whether the statement is true or false

angrybirds13579

Sr. Member
Posts: 344

Reply #1 on: Jul 5, 2018

Answer to Question 1

True

Answer to Question 2

True

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