The following are true of a perpetual inventory system except that______.A.in a perpetual
The following are true of a perpetual inventory system except that______.
A.in a perpetual inventory system, a continuous record of the quantities and costs of inventory on hand is maintained
B.a perpetual inventory system is more likely to be used when the stock is composed of a large number of relatively low cost items
C.in a perpetual inventory system, purchases of products are debited directly while sales of products are credited to the stock account
D.a perpetual inventory system provides a better control over stock