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提问人:网友后慧珍 发布时间:2022-04-06
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In a periodic inventory system, understating the amount of ending inventory will caus

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更多“In a periodic inventory system, understating the amount of ending inventory will caus”相关的问题
第1题
The following are true of a periodic inventory system except that______.A.under a periodic

The following are true of a periodic inventory system except that______.

A.under a periodic inventory system, cost of goods sold and ending stock are determined at the end of the accounting period

B.a periodic inventory system is generally used when the stock consists of a large number of relatively low cost items

C.a periodic inventory system has the advantage of providing cost of goods sold and stock on hand at any time during the period

D.under a periodic inventory system, a physical stock count should be taken at least once in the accounting period, usually at the end of the accounting period

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第2题
The use of LIFO under a perpetual inventory system ():

A.may yield a higher inventory valuation than LIFO under a periodic inventory system when prices are steadily falling.

B.may yield a higher inventory valuation than LIFO under a periodic inventory system when prices are steadily rising.

C.always yields the same inventory valuation as LIFO under a periodic inventory system.

D.can never yield the same inventory valuation as LIFO under a periodic inventory system.

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第3题
Phrase and accounting term translation from Chinese into English. “永续盘存制、定期盘存制”

A、average-cost method、first-in, first-out method

B、perpetual inventory system、periodic inventory system

C、periodic inventory system、perpetual inventory system

D、None of the above.

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第4题
Continuous inventory system removes the need for periodic physical inventory counts.
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第5题
There are two basic systems used in inventory accounting: and .

A、GAAP, FIFO

B、perpetual inventory system, periodic inventory system.

C、Liquidity、bad debt

D、None of the above.

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第6题
Merchandising companies that are small and do not use a perpetual inventory system may

A.A.A physical inventory system.

B.B.A periodic inventory system.

C.C.An inventory shrinkage metho

D.D.An inventory subsidiary ledger system.

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第7题
In a periodic inventory system, the Cost of Goods Sold account may be created during t
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第8题
are amounts owed by customers on account, resulting from the sale of goods and services.

A、Accounts receivable

B、Bad debt

C、Periodic inventory system

D、Historical cost

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第9题
In a periodic inventory system, recording a sale on account involves debiting which of

A.A.Only accounts receivabl

B.B.Accounts receivable and inventory.

C.C.Accounts receivable and cost of goods sol

D.D.Accounts receivable, cost of goods sold, and inventory.

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