Question: What is the difference between a merchandiser s financial statements under the periodic inventory system compared to a perpetual inventory system? Answer Unselected The inventory

What is the difference between a merchandisers financial statements under the periodic inventory system compared to a perpetual inventory system?
Answer
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The inventory amount is a calculation under the perpetual inventory system.
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The periodic format has only two sectionsone for revenues and the other for expenses.
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The cost of goods sold amount is a calculation under the periodic inventory system.
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The periodic format subtotals gross margin and income from operations while the perpetual format does not.
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I don't know yet

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