When a perpetual inventory system is in use, all additions and reductions are monitored in the _______ T-account.

a. accounts payable
b. assembly of inventory
c. purchases
d. inventory
e. perpetual purchases

Answer: d. inventory

Business

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The Cadbury report argued for the guideline of "comply or else"

a. true b. false

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In a territorial sales force structure, as each salesperson travels within a limited geographic area, travel expenses are relatively small

Indicate whether the statement is true or false

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