Identify whether the following are benefits of using a perpetual inventory system (in comparison to a periodic system).
$\begin{array} { | l | l | }
\hline \text { Potential benefit } & \text { True/False } \
\hline \text { A perpetual system is less costly than a periodic system. } & \
\hline \text { A perpetual system helps to estimate expected amounts of inventory at year- } & \
\text { end. } & \
\hline \text { A perpetual system is required by IFRS and ASPE. } & \
\hline \text { A perpetual system helps to determine the amount of shrinkage. } & \
\hline
\end{array}$

Question

Identify whether the following are benefits of using a perpetual inventory system (in comparison to a periodic system).
$\begin{array} { | l | l | } 
\hline \text { Potential benefit } & \text { True/False } \
\hline \text { A perpetual system is less costly than a periodic system. } & \
\hline \text { A perpetual system helps to estimate expected amounts of inventory at year- } & \
\text { end. } & \
\hline \text { A perpetual system is required by IFRS and ASPE. } & \
\hline \text { A perpetual system helps to determine the amount of shrinkage. } & \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Identify whether the following are benefits of using a perpetual inventory system (in comparison to a periodic system).
$\begin{array} { | l | l | } 
\hline \text { Potential benefit } & \text { True/False } \
\hline \text { A perpetual system is less costly than a periodic system. } & \
\hline \text { A perpetual system helps to estimate expected amounts of inventory at year- } & \
\text { end. } & \
\hline \text { A perpetual system is required by IFRS and ASPE. } & \
\hline \text { A perpetual system helps to determine the amount of shrinkage. } & \
\hline
\end{array}$

Identify Whether the Following Are Benefits of Using a Perpetual