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Elaborate on the concept of perpetual and periodic inventory

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Reference no: EM133555218

Question: Based on the information mentioned in the spreadsheet and the template provided, prepare a financial statement for your company keeping the below factors in mind:

• Income statement

• Statement of retained earnings

• Balance sheet

• Once you have prepared these statements, provide your analysis based on the information presented.

• Elaborate on the concept of perpetual and periodic inventory systems, provide relevant examples, and outline the distinctions between the two systems?

Reference no: EM133555218

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