Multiple Select Question

Select all that apply

In which of the following ways does a periodic system differ from a perpetual system? $($Check all that apply.$)$

Cost of Goods Sold will be debited at the time of the sale in a periodic system.

Inventory is not updated until the end of the accounting period in a periodic system.

Accounts receivable is not updated until the end of the accounting period in a periodic system.

Cost of Goods Sold is not updated until the end of the accounting period in a periodic system.