Which of the following is not an advantage of perpetual inventory system?
A)It helps reduce expenses and costs.
B)It helps increase productivity of the economy.
C)It is simple and less costly to maintain.
D)It provides up to date information on inventory and cost of goods sold instantly.

Question

Quizplus · Accepted Answer

Perpetual inventory system is not always simple and less costly to maintain, especially for large businesses with complex inventory systems. It requires accurate and frequent record-keeping, which can be time-consuming and costly. However, the other options (A, B, and D) are advantages of perpetual inventory system.

Which of the Following Is Not an Advantage of Perpetual