Accountıng I Deneme Sınavı Sorusu #1132437
Which of the followings is an inventory way of tracking and recording inventory and cost of goods sold on a continual basis?
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Perpetual Inventory System |
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Specific Identification Method |
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Average Cost Method |
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First-In, First-Out (FIFO) Method |
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Last-In, First-Out (LIFO) Method |
Yanıt Açıklaması:
Perpetual Inventory System is a system of tracking and recording inventory and costs of goods sold on a continual basis, so current inventory balance can be calculated on real time basis, and the accounting system can display the current inventory balance at any point in time.
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