Which of the Following Is a Characteristic of a Perpetual

question 41

Multiple Choice

Which of the following is a characteristic of a perpetual inventory system?

• A) Inventory purchases are debited to a Purchases account.
• B) Inventory records are not kept for every item.
• C) Cost of goods sold is recorded with each sale.
• D) Cost of goods sold is determined as the amount of purchases less the change in inventory.

---

Definitions:

Temporomandibular Joint

The joint connecting the lower jaw (mandible) to the skull, allowing for movement and function of the jaw.

Tragus

A small, pointed cartilaginous flap located in front of the ear canal, often used as a landmark for various medical procedures.

Iliac Crest

The upper border of the ilium, a significant landmark in the pelvic bone, important for anatomical orientation and as a site for surgical procedures.

Vertebra

One of the individual bones that stack to form the vertebral column, or spine, providing structural support and protecting the spinal cord.