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Why are the closing entries for inventory under a periodic system more complicated than those for a perpetual system?

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Why are the closing entries for inventory under a periodic system more complicated than those for a perpetual system?

Answered Same Day Dec 22, 2021

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Robert answered on Dec 22 2021
127 Votes
Why are the closing entries for inventory under a periodic system more complicated than
those for a perpetual system?
The closing inventories in a periodic inventory system are more complicated because it requires
ecording of inventory purchases to a purchases account and inventory records are updated only
during the closing process that...
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