Which of the following is NOT an advantage of the perpetual inventory system over the periodic count system?
A) The perpetual inventory system discloses inventory shortages.
B) The perpetual inventory system is less costly to maintain.
C) The perpetual inventory system provides a continuous record of cost of goods sold.
D) The perpetual inventory system provides better control of the asset inventory.
Correct Answer:
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Q12: Use the information below to answer
Q13: The perpetual accounting control method has which
Q14: A Cost of goods sold account is
Q15: Which of the following ledger accounts is
Q16: Which of the following statements about the
Q18: Use the information below to answer
Q18: The journal entries to record a credit
Q20: Using the periodic count method,entries are made
Q21: Use the information below to answer
Q22: In times of inflation,which cost flow assumption
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