Which inventory system records a change in the Inventory account every time goods are bought,sold or returned?
A)Periodic
B)Perpetual
C)FOB Shipping Point
D)FOB Destination

Name: Which inventory system records a change in the Inventory account every time goods are bought,sold or returned? A)Periodic B)Perpetual C)FOB Shipping Point D)FOB Destination
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Question

Quizplus · Accepted Answer

When a Perpetual inventory system is in use,Inventory records are updated "perpetually," every time inventory is bought,sold,or returned.

Which Inventory System Records a Change in the Inventory Account