When using the perpetual inventory system,all inventory transactions are recorded to the Inventory account so to maintain an up-to-date balance.

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Quizplus · Accepted Answer

This is true. The perpetual inventory system requires continuous tracking of inventory levels, and all inventory transactions are recorded in the Inventory account to ensure that the balance remains accurate and up-to-date.

When Using the Perpetual Inventory System,all Inventory Transactions Are Recorded