Multiple choice

The system in which continuous record of receipt and issue of materials is maintained by the stores department and stock information is always updated is known as

  1. perpetual inventory system

  2. continous stock taking

  3. periodic stock taking

  4. none of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 In this system, continuous  record of receipt and issue of materials is maintained by the stores department and the information about the stock material is always available.