Which of the Following Statements About the Perpetual Inventory Control

question 17

Multiple Choice

Which of the following statements about the perpetual inventory control method is NOT true?

• A) When a sale is made, cost of goods sold is increased.
• B) When inventory is purchased, it is treated as an expense.
• C) When a sale is made, inventory is decreased.
• D) An inventory count can reveal inventory losses due to theft.