In a perpetual inventory system,the Inventory and Cost of Goods Sold accounts are kept up-to-date throughout the accounting period.

Name: In a perpetual inventory system,the Inventory and Cost of Goods Sold accounts are kept up-to-date throughout the accounting period.
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In a perpetual inventory system, inventory and cost of goods sold accounts are continually updated as each sale or purchase transaction occurs. This allows for more accurate and timely financial reporting.

In a Perpetual Inventory System,the Inventory and Cost of Goods