Match each description to the appropriate inventory system (a or b).
-When using this system, a physical inventory is necessary to determine cost of merchandise sold.
A)Perpetual
B)Periodic

Question

Match each description to the appropriate inventory system (a or b).​
-When using this system, a physical inventory is necessary to determine cost of merchandise sold.
A)Perpetual
B)Periodic

Quizplus · Accepted Answer

Periodic inventory system relies on conducting a physical inventory count to determine the cost of goods sold. In contrast, the perpetual inventory system updates inventory records after every transaction to keep track of inventory levels and costs in real-time.

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

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