Match each description to the appropriate inventory system (a or b).
-Under this system, only revenue is recorded when sales are made.
A)Perpetual
B)Periodic

Question

Match each description to the appropriate inventory system (a or b).​
-Under this system, only revenue is recorded when sales are made.
A)Perpetual
B)Periodic

Quizplus · Accepted Answer

The description matches the Periodic inventory system, where revenue is recorded only at the end of the accounting period, and the cost of goods sold is calculated based on a physical count of inventory. In contrast, the Perpetual inventory system updates inventory and cost of goods sold in real-time with every transaction.

Match Each Description to the Appropriate Inventory System (A or B).​

Match Each Description to the Appropriate Inventory System (A or B).