Under a perpetual inventory system, the amount of each type of merchandise on hand is available in the
A) customer's ledger
B) creditor's ledger
C) inventory ledger
D) purchase ledger

Question

Quizplus · Accepted Answer

Under a perpetual inventory system, the amount of each type of merchandise on hand is continuously updated in the inventory ledger, which is used to track inventory levels and make informed business decisions. The customer's ledger, creditor's ledger, and purchase ledger contain information about sales and purchases but do not provide real-time updates on inventory levels.

Under a Perpetual Inventory System, the Amount of Each Type