The perpetual inventory system records additions to inventory as inventory is manufactured or purchased and deletions from inventory as inventory is sold.But it does not record
A)obsolete items
B)one time special purchases
C)inventory shrinkage
D)inventory rebates
E)inventory returns
F)both A and C
G)both B and D
H)both D and E

Question

Quizplus · Accepted Answer

The perpetual inventory system does not record obsolete items or inventory shrinkage, which are both considered losses.

The Perpetual Inventory System Records Additions to Inventory as Inventory