When a company uses the perpetual inventory method the inventory account should stay current at all times T F?

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1250939

2026-03-03 07:20

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True...

Using the Perpeptual Inventory Method would result in each sale and purchase being journaled directly to the inventory account which would keep this account current.

Whereas using the Periodic System would result in the Inventory Account showing the correct stock levels at year end only.

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