Perpetual inventory systems involve updating the inventory and cost of sales accounts only at the end of the period.

Name: Perpetual inventory systems involve updating the inventory and cost of sales accounts only at the end of the period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Perpetual inventory systems involve continuous updates to the inventory and cost of sales accounts, rather than just at the end of the period. This allows for more accurate and timely tracking of inventory levels and cost of goods sold.

Perpetual Inventory Systems Involve Updating the Inventory and Cost of Sales