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

Question

Quizplus · Accepted Answer

Perpetual inventory is a method of continuously tracking inventory balances and their movements in real-time. In QuickBooks Online (QBO), a perpetual inventory system is used to maintain an up-to-date record of inventory. This allows businesses to have accurate and timely information about inventory levels and costs, which can aid in inventory management and decision-making. The other answer choices are not related to inventory tracking in QBO.

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