When a company uses a perpetual inventory system,all merchandise transactions are updated as and when they occur.As a result,the inventory account will show the current balance at all times.

Question

Quizplus · Accepted Answer

In a perpetual inventory system, inventory balances are updated in real-time as transactions occur. This ensures that the inventory account shows the current balance at all times.

When a Company Uses a Perpetual Inventory System,all Merchandise Transactions