Perpetual inventory systems:
A)are relatively inexpensive to use and therefore quite popular among discount retailers.
B)are not particularly effective for keeping accurate track of large,expensive items.
C)require consistent use of the inventory sheets in order to provide accurate results.
D)are the simplest and quickest to use of all inventory systems.

Question

Quizplus · Accepted Answer

Perpetual inventory systems rely on consistent and accurate record-keeping in order to provide accurate results. It is important to continually update inventory sheets with each transaction to ensure that the system remains up-to-date. While they may be relatively inexpensive to use and can be effective for tracking large items, the key to their success is the consistency of use. Perpetual inventory systems are not necessarily the simplest or quickest to use of all inventory systems.

Perpetual Inventory Systems