Which of the Following Statements Is Not Correct

question 156

Multiple Choice

Which of the following statements is not correct?

• A)In a perpetual inventory system,the "cash register" at the store is a computer terminal that records sales and updates inventory records.
• B)Even in a perpetual inventory system,a business must count inventory at least one a year.
• C)Restaurants and small retail stores often use the periodic inventory system.
• D)In a periodic inventory system,merchandise inventory and purchasing systems are integrated with the records for Accounts Receivable and Sales Revenue.

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Definitions:

Judge

An official appointed or elected to hear and decide cases in a court of law.

Justice

The fair and impartial administration of laws in accordance with ethical, legal, and moral principles.

Fifth Amendment

An amendment to the U.S. Constitution providing several protections to individuals, including against self-incrimination and double jeopardy.

Indictment

A formal charge or accusation of a serious crime, brought by a grand jury after evaluating evidence presented by a prosecutor.