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21 April, 21:37

When the perpetual inventory system is used, the inventory sold is debited to a. Supplies Expense b. Cost of Goods Sold c. Sales d. Inventory

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  1. 21 April, 23:19
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    The answer is D. Inventory account.

    Explanation:

    Perpetual inventory method is very useful as it is updated daily and gives a real-time insight into the stocks unlike in the periodic inventory system where you calculate the stock at the end of a certain period.
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