When a periodic inventory system is used, a. only the reduction of inventory is recorded each time a sale is made. b. only the cost of goods sold is recorded each time a sale is made. c. only revenue is recorded each time a sale is made. d. None of these choices are correct.

Question

Douglas Sandoval

Business

10 January, 23:52

When a periodic inventory system is used, a. only the reduction of inventory is recorded each time a sale is made. b. only the cost of goods sold is recorded each time a sale is made. c. only revenue is recorded each time a sale is made. d. None of these choices are correct.

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Answers (1)

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Singleton · Answer 1

c. only revenue is recorded each time a sale is made.

Explanation:

A periodic inventory system is a system used to define the amount of inventory at the end of an specified period. To achieve this revenue is recorded each time.

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