An advantage of the perpetual inventory system is that
A)clerical work is reduced.
B)the need to take a physical inventory is eliminated.
C)the balance of the Merchandise Inventory account is only accurate on the balance sheet date.
D)detailed data is available to respond to customers' inquiries about product availability.

Question

Quizplus · Accepted Answer

The perpetual inventory system continuously updates inventory records, including quantities and costs, after each purchase or sale. This real-time tracking provides detailed data on inventory levels, enabling businesses to respond promptly to customer inquiries about product availability.

An Advantage of the Perpetual Inventory System Is That