Question: The primary difference between a periodic and a perpetual inventory system is that a perion records the cost of goods sold on the date the
The primary difference between a periodic and a perpetual inventory system is that a perion
records the cost of goods sold on the date the sale is made.
provides better control over Wiventories.
keeps a detailed record showing the inventory on hand at all times.
determines the cost of goods sold at the end of the accounting period.
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