The primary difference between a periodic and perpetual inventory system is that a periodic system
A)keeps a record showing the inventory on hand at all time.
B)provides better control over inventories.
C)records the cost of the sale on the date the sale is made.
D)determines the inventory on hand only at the end of the accounting period.

Question

Quizplus · Accepted Answer

A periodic inventory system determines the inventory on hand only at the end of the accounting period, unlike a perpetual system which continuously tracks inventory levels.

The Primary Difference Between a Periodic and Perpetual Inventory System