In QBO, an up-to-date record of inventory is maintained and tracked.This is called:
A)Perpetual inventory.
B)Periodic inventory.
C)Sales and cost of goods sold.
D)Account payable and customer accounts.
E)None of these.

Question

Quizplus · Accepted Answer

Perpetual inventory systems continuously update the inventory account to reflect what is on hand, which is how QuickBooks Online (QBO) tracks inventory.

In QBO, an Up-To-Date Record of Inventory Is Maintained and Tracked.This