Which of the Following Is True Regarding Perpetual Inventory Systems

question 48

Multiple Choice

Which of the following is true regarding perpetual inventory systems?

• A) Detailed accounting records must be maintained so that changes in inventory accounts can be posted when the transactions occur.
• B) An end-of period physical inventory count is required to determine the changes in inventory accounts.
• C) Detailed accounting records must be maintained so that changes in inventory accounts can be posted in a purchases account.
• D) More accounting time is required at the end of the period to update the inventory accounts for the period's changes.

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Definitions:

Adolescent

A person in the developmental stage of adolescence, typically between the onset of puberty and legal adulthood, characterized by significant physical, psychological, and social changes.

Parental Influence

The effect that parents have on the development, behavior, and personality of their children.

Peer Influence

The effect that the attitudes, values, and behaviors of peers have on an individual's own attitudes and behaviors.

Role Confusion

A situation in which individuals are unsure about their identity or role within a specific context, often occurring during adolescence as described by Erik Erikson's stages of psychosocial development.