Answered

IDNLearn.com offers a unique blend of expert answers and community-driven knowledge. Explore a wide array of topics and find reliable answers from our experienced community members.

T/F in a perpetual inventory system, a purchase allowance is treated as a decrease in expenses by the company that purchased the goods.

Sagot :

A purchase allowance is viewed as a reduction in expenses by the company that purchased the goods in a perpetual inventory system.

What is a system of perpetual inventory?

System of perpetual inventory. a system for keeping track of inventory that keeps track of when it enters and leaves the company. Stock Cards are utilized for each inventory item.

In order to ensure that the book inventory accurately depicts the actual stock, perpetual inventory is a continuous accounting practice that records inventory changes in real time without the need for physical inventory.

To learn more about perpetual inventory here

https://brainly.com/question/868907

#SPJ4

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. IDNLearn.com has the solutions you’re looking for. Thanks for visiting, and see you next time for more reliable information.