multiple choice question a perpetual inventory system is one in which purchases are added to inventory, but…

multiple choice question a perpetual inventory system is one in which purchases are added to inventory, but sales are not subtracted until the end of the reporting period neither purchases of inventory nor sales of inventory are recorded in the inventory account purchases are not added to inventory until the items are sold to customers purchases are added to inventory and subtracted from inventory as these transactions occur

multiple choice question a perpetual inventory system is one in which purchases are added to inventory, but sales are not subtracted until the end of the reporting period neither purchases of inventory nor sales of inventory are recorded in the inventory account purchases are not added to inventory until the items are sold to customers purchases are added to inventory and subtracted from inventory as these transactions occur

Answer

Brief Explanations:

A perpetual inventory system continuously updates inventory records. Purchases are added and sales are subtracted as transactions occur in real - time. This provides an up - to - date view of inventory levels at all times.

Answer:

D. purchases are added to inventory and subtracted from inventory as these transactions occur