Which of the following is a feature of the perpetual inventory system?
A) It is the method with the lowest cost for maintaining records.
B) It maintains a constant record of the receipt and sale of inventory.
C) It requires very little time for constant record keeping.
D) It is the process of physically counting inventories on a set schedule.

Question

Quizplus · Accepted Answer

The perpetual inventory system maintains a constant record of the receipt and sale of inventory, providing real-time inventory information. It is not the lowest cost method or the process of physical counting. While it may require more time for constant record keeping, it provides more accurate and up-to-date inventory information.

Which of the Following Is a Feature of the Perpetual