In Which Way Is a Perpetual Inventory System Similar to a Periodic

question 91

Multiple Choice

In which way is a perpetual inventory system similar to a periodic system?

• A)Sales are increased at the time of sale.
• B)Cost of goods sold is increased after an inventory count.
• C)Inventory is reduced after each sale.
• D)Cost of goods sold is increased after each sale.

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Definitions:

Voice Mail Communication

The exchange of spoken messages through a digital voicemail system, allowing individuals to leave and retrieve messages.

Cellphone Communication

The process of exchanging information between individuals through the use of mobile phones.

Foreign Office

A government department in many countries responsible for protecting and promoting national interests abroad.

Voice Mail

An electronic system that stores messages from telephone callers in digital form.