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The account used to adjust the perpetual inventory records when a difference exists between the physical count and the amount in the perpetual inventory records is called a. Inventory Short and Over. b. Estimated Returns Inventory. c. Inventory Shrinkage. d. Merchandise Inventory

The account used to adjust the perpetual inventory records when a difference exists between the physical count and the amount in the perpetual inventory records is called a. Inventory Short and Over. b. Estimated Returns Inventory. c. Inventory Shrinkage. d. Merchandise Inventory

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 38E: Rules of debit and credit for periodic inventory accounts Complete the following table by indicating...
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The account used to adjust the perpetual inventory records when a difference exists between the physical count and the amount in the perpetual inventory records is called
a. Inventory Short and Over.
b. Estimated Returns Inventory.
c. Inventory Shrinkage.
d. Merchandise Inventory

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