Listed below are four terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
-_____ Requires a debit to cost of goods sold when inventory is sold.

Question

Quizplus · Accepted Answer

Perpetual inventory system tracks inventory in real time, updating the cost of goods sold account immediately when a sale is made. The other options are shipping terms (FOB shipping point, FOB destination) and inventory systems (periodic inventory system) that do not directly relate to the cost of goods sold.

Listed Below Are Four Terms Followed by a List of Phrases