The Primary Difference Between a Periodic and Perpetual Inventory System

question 186

Multiple Choice

The primary difference between a periodic and perpetual inventory system is that a periodic system

• A)keeps a record showing the inventory on hand at all time.
• B)provides better control over inventories.
• C)records the cost of the sale on the date the sale is made.
• D)determines the inventory on hand only at the end of the accounting period.

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Definitions:

Catabolic

Relating to or involving the breakdown of complex molecules into simpler ones, often with the release of energy, part of the metabolic process.

Endergonic

Describes a reaction that absorbs energy from its surroundings, typically in the form of ATP, and is not spontaneous.

Exergonic

Refers to a chemical reaction where energy is released to the surroundings, typically characterized by a negative Gibbs free energy.

Dehydration

The excessive loss of body water, impairing normal physiological functions.