Which of the Following Inventory Systems Uses an Adjusting Entry

question 1

Multiple Choice

Which of the following inventory systems uses an adjusting entry to record the cost of sales?

• A)Periodic system
• B)Perpetual system
• C)Just-in-time system
• D)No system uses an adjusting entry to record the cost of sales.

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Definitions:

Better Outcomes

refers to improved results or benefits achieved through particular actions or decisions.

Efforts

The physical or mental energy exerted towards achieving goals, tasks, or overcoming challenges.

Performance

The act of carrying out a task or function, often measured against known standards of accuracy, completeness, and speed.

Schedule Preference

Refers to an individual's or group's favorability towards certain times or periods for performing tasks or activities.