Question: The main difference between the perpetual and periodic inventory systems is: Select one: a. Organisations with high value inventory items tend to use the periodic

The main difference between the perpetual and periodic inventory systems is:

Select one:

a. Organisations with high value inventory items tend to use the periodic system because it is more precise than the perpetual system

b. Stock losses are identifiable under the periodic system but not the perpetual system

c. Continuous records on the flow of inventory units are maintained under the perpetual system but not the periodic system

d. The perpetual system is generally cheaper to use than the periodic system

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!