The Perpetual Inventory System Is a System Which

question 30

Multiple Choice

The perpetual inventory system is a system which:

• A) updates inventory only at the end of each period.
• B) uses only LIFO method.
• C) needs a physical inventory taken.
• D) Both A and B are correct.

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Definitions:

2-Phenylethanol

An organic compound with a floral scent, commonly used in perfumery and flavoring, representing an alcohol with a phenyl group attached to the second carbon.

Toluene

Toluene is a colorless, water-insoluble liquid hydrocarbon of the aromatic series, used in the manufacture of various chemicals.

Carboxylic Acid

Organic compounds characterized by a carboxyl group (-COOH), known for their acidic properties and widespread occurrence in biochemistry and industrial chemistry.

Organic Product

A compound containing carbon atoms that has been formed as a result of an organic reaction.