The Primary Difference Between the Periodic and Perpetual Inventory Systems

The primary difference between the periodic and perpetual inventory systems is that a

A) periodic system determines the inventory on hand only at the end of the accounting period
B) periodic system keeps a record showing the inventory on hand at all times
C) periodic system provides an easy means to determine inventory shrinkage
D) periodic system records the cost of the sale on the date the sale is made

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