Multiple choice

Which of the following is not a feature of perpetual inventory record system?

  1. Based on physical verification

  2. Inventory control is satisfied

  3. Provides continuous information about stock

  4. Uneconomical and time consuming method

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

It is not based on physical verification. Rather book records are used. Periodic inventory system is based on physical verification.