Accountıng I Deneme Sınavı Sorusu #1313781
Which of the following is true for company using a periodic inventory system?
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They have inexpensive inventories and manuel accounting systems. |
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They continuously update the inventory account. |
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The purchases of inventories are directly debited to inventory account |
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The cost of inventories are credited when they are sold. |
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They have continuous control over inventories. |
Yanıt Açıklaması:
Periodic inventory system is used by the companies with inexpensive inventories and manual accounting systems. However, with the increased use of technology in all areas of businesses, this system is preferred less day-by-day. The other information is true for companies using perpetual inventory system.
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