Multiple Choice
In comparing a perpetual inventory system with a periodic inventory system,which of the following statements is not correct?
A) Most large companies use perpetual inventory systems.
B) A periodic system does not include an inventory subsidiary ledger.
C) The perpetual method is easier to apply in a manual accounting system.
D) Regardless of the system in use,most businesses take a physical inventory at least once a year.
Correct Answer:
Verified
Correct Answer:
Verified
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