When a Company Uses the Perpetual Inventory Method,the Inventory Account

question 42

True/False

When a company uses the perpetual inventory method,the inventory account should stay current at all times.

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Definitions:

Electronically

Pertaining to technology related to the use and application of electronic devices and systems.

Federal Law

Legislation enacted by the national government of a country, which has precedence over state laws in areas specifically delegated to the national authority.

Disclose

To make known or public; revealing information that was previously secret or unknown.

Pay

Compensation given by an employer to an employee for services rendered.