Indicate how the determination of the amount of lost, damaged, destroyed, or stolen merchandise differs between firms using a perpetual inventory system and those using a periodic inventory system. Which inventory system provides the best way to account for lost, damaged, destroyed, or stolen merchandise and why?

Question

Quizplus · Accepted Answer

The Answer of Indicate how the determination of the amount of lost, damaged, destroyed, or stolen merchandise differs between firms using a perpetual inventory system and those using a periodic inventory system. Which inventory system provides the best way to account for lost, damaged, destroyed, or stolen merchandise and why?

Indicate How the Determination of the Amount of Lost, Damaged