The inventory system that does NOT update the Inventory account automatically at the time of each purchase or sales is the _ method/system.

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Which of the following statements about a periodic inventory system is true ?
Posted by:
Moataz Elsabawy
13-October-2016

a. Periodic b. Perpetual

Major Accounts Accounting Tax Accounting Cost Accounting

Question added by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed
Date Posted: 2014/05/26

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4 Answers

by Mohsin Abbas , Finance Manager , Saudi Power Transformers Company& CG Power Systems

ITS PERIODIC INVENTORY SYSTEM

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by Akram Massoud , FINANCE MANAGER , Autoexcellence LTD

periodic inventory system

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Muhammad Usman Ashraf

by Muhammad Usman Ashraf , VAT Accountant , Jumeirah Golf Estates

A

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by Faraz Shiwani , Managing Partner , Shiwani Traders

Periodic

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