Accountıng I Deneme Sınavı Sorusu #1190949
Which of the following statements is not true regarding “Periodic Inventory System”?
Periodic inventory system is used by the companies with inexpensive inventories. |
Periodic inventory system is used by the companies with manual accounting systems. |
This system is preferred less day-by-day. |
In periodic inventory system, companies use “Purchase” account to record their purchases of inventories. |
In this system, companies continuously update the inventory account whenever a transaction occurs. |
Yanıt Açıklaması:
Companies continuously update the inventory account whenever a transaction occurs in Perpetual inventory system ?
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