Which of the following is not recorded in a modern perpetual inventory system?
A)units purchased and cost amount
B)units sold and sales and cost amounts
C)customer account numbers and balances owed from the sale of merchandise inventory
D)the quantity of merchandise inventory on hand and its cost

Question

Quizplus · Accepted Answer

A perpetual inventory system records all transactions related to inventory, including units purchased and sold, their cost and sales amounts, and the quantity and cost of merchandise inventory on hand. However, customer account numbers and balances owed are part of the accounts receivable system and not related to inventory.

Which of the Following Is Not Recorded in a Modern