Which statement relating to the determination of the cost of inventory in a computerised system is not true?
A) Determining the cost of inventory is greatly simplified compared to a manual system.
B) Computerised systems generally use the periodic inventory system.
C) Computerised inventory systems are now used by most firms.
D) The system can automatically produce reorder information.

Question

Quizplus · Accepted Answer

Computerised inventory systems can use either the periodic inventory system or the perpetual inventory system. The choice of inventory system depends on the type of business and its inventory needs.

Which Statement Relating to the Determination of the Cost of Inventory