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?

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If you'd like to post your answer and reasoning, we'll check it for you. I think if you read the definition of a perpetual inventory system you will be able to answer this.