is an inventory record system that keeps a continuous account of transactions as they occur:
A) Perpetual inventory system
B) Periodic inventory system
C) Two-bin system
D) Safety stock system
E) All the above keep a continuous account

Question

Quizplus · Accepted Answer

A perpetual inventory system keeps a continuous record of transactions as they occur, unlike a periodic inventory system which only updates inventory records periodically (such as at the end of each month). The other options listed are different types of inventory control systems, but do not necessarily keep a continuous account of transactions.

Is an Inventory Record System That Keeps a Continuous Account