The perpetual inventory system records additions to inventory as inventory is manufactured or purchased and deletions from inventory as inventory is sold.But they do not record
A)one time special purchases
B)stolen items
C)inventory rebates estimating inventory requirements
D)errors in recording inventory transactions
E)costs in the manufacturing process
F)both A and C
G)both B and D
H)both D and E

Question

Quizplus · Accepted Answer

The perpetual inventory system does record all inventory transactions, including purchases, sales, and manufacturing costs, but it may not accurately account for stolen items or errors in recording inventory transactions unless those discrepancies are specifically identified and corrected.

The Perpetual Inventory System Records Additions to Inventory as Inventory