Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 56

Describing periodic and perpetual inventory systems
The following characteristics may be related to either periodic inventory or perpetual inventory systems or both.

Requirement
1. Identify each characteristic as one of the following:
a. Periodic inventory
b. Perpetual inventory
c. Both periodic and perpetual inventory
d. Neither periodic nor perpetual inventory