The difference between a perpetual inventory system and a periodic inventory system is:
A) periodic will record the cost of goods sold amount at the sale.
B) perpetual requires a physical inventory count.
C) periodic will record inventory purchases in the inventory account.
D) periodic will adjust inventory at the end of each period with a physical count.

Question

Quizplus · Accepted Answer

periodic requires a physical count at the end of the accounting period

The Difference Between a Perpetual Inventory System and a Periodic