Under a perpetual inventory system,which of the following would NOT be required?
A)A weekly count of the inventory
B)Updating the inventory balance with each sale
C)Detailed inventory records
D)Recording cost of sales with each sale

Question

Quizplus · Accepted Answer

Under a perpetual inventory system, there is no need for a weekly count of the inventory as the inventory balance is updated continuously with each sale and purchase transaction. The system relies on detailed inventory records and recording cost of sales with each sale to maintain an accurate and up-to-date record of inventory levels.

Under a Perpetual Inventory System,which of the Following Would NOT