Question: The primary difference between a periodic and perpetual inventory system is that a periodic system 31. keeps a record showing the inventory on hand at
The primary difference between a periodic and perpetual inventory system is that a periodic system 31. keeps a record showing the inventory on hand at all time. provides better control over inventories. records the cost of the sale on the date the sale is made. B) ) determines the inventory on hand only at the end of the accounting period
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
