The perpetual accounting control method has which of the following advantages over the periodic inventory method?
A) A physical count is not required.
B) Stock shortages are eliminated.
C) Cost of operation is lower.
D) Details of the number of items on hand is available.

Question

Quizplus · Accepted Answer

The perpetual inventory system continuously updates inventory records, providing real-time details of the number of items on hand, unlike the periodic system which updates inventory records at specific intervals.

The Perpetual Accounting Control Method Has Which of the Following