Info
Warning
Danger
/ Homework Answers / Accounting / Which of the following true regarding perpetual inventory systems?

Question

Which of the following is true regarding perpetual inventory systems?

a. Detailed accounting records must be maintained so that changes in inventory accounts can be posted when the transactions occur.

b. An end-of-period physical inventory count is required to determine the changes in inventory accounts.

c. Detailed accounting records must be maintained so that changes in inventory accounts can be posted in a purchases account.

d. More accounting time is required at the end of the period to update the inventory accounts for the period’s changes.

 

Solution
5 (1 Ratings )

Solved
Accounting 1 Month Ago 106 Views
This Question has Been Answered!
Premium Content -

Unlimited Access

Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Better Grades!

Ask an Expert

Our Experts can answer your tough homework and study questions
124306 Accounting Questions Answered!
Post a Question