QUESTION 1 Not yet anrd Marked out of 2.00 P Flag question The periodic inventor

Question

QUESTION 1 Not yet anrd Marked out of 2.00 P Flag question The periodic inventory system differs from the perpetual inventory system Select one: O because the periodic system is not compatible with modern technology. O because the perpetual system continually updates inventory, while the periodic inventory system only updates inventory at the end of the period. O because the periodic system continually updates inventory, while the perpetual inventory system only updates inventory at the end of the period. O because the periodic system is more complex and costly.

Explanation / Answer

In perpetual inventory system inventory records update in every stage of purchase and sale. In periodic inventory system inventory records updats only at the end of period.

so answer is b) because the perpetual system continually updats inventory, while the periodic inventory system updates inventory at the end of the period

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