Computer Software Used in a Perpetual Inventory System

question 35

Multiple Choice

Computer software used in a perpetual inventory system:

• A) still requires an inventory count on hand annually
• B) makes journal entries for the cost of goods sold unnecessary
• C) completely eliminates the need to physically count inventory
• D) makes journal entries for inventory purchases unnecessary

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Definitions:

Depression

A syndrome identified by steady depressive emotions or lack of motivation in previously enjoyed activities, significantly impairing routine life operations.

Sleep Deprivation

Refers to the condition of not having enough sleep, which can lead to a variety of physical and mental health issues.

Concentration

The action or power of focusing one's attention or mental effort on a specific object, task, or activity without getting distracted.

Irritability

A state of increased sensitivity or annoyance, often resulting from stress or fatigue.