Accountıng I Deneme Sınavı Sorusu #1181781
In which inventory system there is no record for Cost of Goods Sold (COGS) until the end of accounting period?
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Periodic inventory system |
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Perpetual inventory system |
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Real inventory system |
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Random inventory system |
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Gross inventory system |
Yanıt Açıklaması:
In periodic inventory system, companies use “Purchase” account to record their purchases of inventories and there is no record for Cost of Goods Sold (COGS) until the end of accounting period
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