Which statement is incorrect?
A)Periodic inventory systems provide better control over inventories than perpetual inventory systems.
B)Computers and electronic scanners allow more companies to use a perpetual inventory system.
C)Freight-in is debited to Inventory when a perpetual inventory system is used.
D)Regardless of the inventory system that is used, companies should take a physical inventory count.

Question

Quizplus · Accepted Answer

Periodic inventory systems do not provide better control over inventories than perpetual inventory systems; perpetual systems offer more accurate and timely inventory tracking.

Which Statement Is Incorrect