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Determine the retailer purchases or sells merchandise

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Reference no: EM132473564

Question 1: When doing a bank statement reconciliation, a deposit in transit is an adjustment to the balance per __________(bank or ledger).

Question 2: The inventory system wherein a retailer's inventory account is updated whenever the retailer purchases or sells merchandise is a __________ inventory system.

Reference no: EM132473564

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Determine the retailer purchases or sells merchandise : The inventory system wherein a retailer's inventory account is updated whenever the retailer purchases or sells merchandise is a inventory system.
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