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What is difference between perpetual and periodic inventory

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Accounting

#1

What is the difference between perpetual and periodic inventory? Give some examples.

#2

Gross Profit-Merchandise is sold for $615,000 cash and 4,110,000 on account.

The cost of merchandise sold is 2,835,000. What is the amount of gross profit?

Reference no: EM131240235

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What is difference between perpetual and periodic inventory : What is the difference between perpetual and periodic inventory? Give some examples. Gross Profit-Merchandise is sold for $615,000 cash and 4,110,000 on account.
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