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Answer to Question #259954 in Accounting for Nile
Question #259954
Record the following transaction on periodic perpetual system.
1. At january 1, 2013 ABC has beginning inventory of 1000 at $10.
Expert's answer
In a periodic system,the transaction will be recorded as shown below
In a perpetual system,the transaction will be as shown below
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#339914 on Dec 2023
#339914 on Dec 2023
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