Answered

IDNLearn.com is the perfect place to get detailed and accurate answers to your questions. Discover in-depth and trustworthy answers from our extensive network of knowledgeable professionals.

In a perpetual inventory system a.the inventory records cannot be computerized. b.the amount of inventory for sale and the amount sold are not listed in the inventory account. c.a count must be made in order to know the inventory amount. d.each purchase and sale of inventory is recorded in the inventory account.

Sagot :

Zvikoidn

Answer:

d. each purchase and sale of inventory is recorded in the inventory account.

Explanation:

In a perpetual inventory system we keep track of inventory balance and cost of sales whenever a sale or purchase transaction occurs. Under the perpetual inventory system, the firm always keeps updated inventory records.

We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your questions find clarity at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.