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An inventory system updating the account on every single sale or purchase is:
APerpetual
BPerceptual
CPersistent
DPermissive
Answer & Solution
Correct answer: A. Perpetual
1. Recognition happens at the moment of the transaction.
2. It amounts to recording as you go.
3. That system is perpetual.
_Source: OpenStax Principles of Financial Accounting, Chapter 6, Merchandising Transactions._
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