The Primary Difference Between the Periodic and Perpetual Inventory Systems

question 159

Multiple Choice

The primary difference between the periodic and perpetual inventory systems is:

• A)The reported amount of ending inventory is higher under the periodic system.
• B)The perpetual system maintains a continual record of inventory transactions,whereas the periodic system records these transactions only at the end of the period.
• C)The reported amount of sales revenue is higher under the periodic inventory system.
• D)The reported amount of cost of goods sold is higher under the perpetual inventory system.

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Definitions:

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