IDNLearn.com is committed to providing high-quality answers to your questions. Discover the information you need quickly and easily with our reliable and thorough Q&A platform.
Sagot :
Answer:
d. each purchase and sale of inventory is recorded in the inventory account.
Explanation:
The perpetual inventory system keeps record of inventory and cost of sales after each and every transaction. Its records are always updated after every purchase or sale transaction thus, In a perpetual inventory system : each purchase and sale of inventory is recorded in the inventory account.
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. IDNLearn.com has the solutions you’re looking for. Thanks for visiting, and see you next time for more reliable information.