Filters
Question type

Study Flashcards

Which of the following statements is correct?


A) The periodic inventory system provides superior managerial information and internal control.
B) The perpetual inventory system is simpler and less expensive than the periodic inventory system.
C) Profit and inventory values are the same under the perpetual inventory system and the periodic inventory system,as long as the basic data do not show any inflation or deflation.
D) The perpetual inventory system is only used in small companies.

Correct Answer

verifed

verified

Showing 21 - 21 of 21

Show Answer