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  • Accounting Vocabulary Online Quiz
  • Perpetual inventory is the same thing as periodic inventory
Multiple choice

Perpetual inventory is the same thing as periodic inventory

  1. Yes

  2. No

  3. Maybe so

  4. .....

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

Perpetual inventory systems update records continuously as transactions occur, while periodic inventory systems update records only at the end of an accounting period.

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