Which of the Following Statements Is True About the Periodic

Which of the following statements is true about the periodic inventory system?

A) Detailed records of inventory are maintained
B) There is a continuous record of how much inventory is on hand at any particular point in time.
C) The only way that the amount of inventory on hand can be ascertained is by performing a physical stock take (i.e. counting the inventory on hand) .
D) The cost of goods sold figure can be determined from the detailed and accurate inventory records