lue.lla
Dec 9, 2010, 01:43 PM
Inventory systems:-
1.In a perpetual inventory system, detailed records are maintained continuously.
2.In a perpetual Inventory system, all purchases made by the company are first debited to merchandise inventory account.
3.In a perpetual Inventory system, a physical count of the inventory is never needed.
Which answer is correct or all answers are correct for the Inventory systems?
1.In a perpetual inventory system, detailed records are maintained continuously.
2.In a perpetual Inventory system, all purchases made by the company are first debited to merchandise inventory account.
3.In a perpetual Inventory system, a physical count of the inventory is never needed.
Which answer is correct or all answers are correct for the Inventory systems?