1
Question
________ obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.
________ obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.
Open in App
Solution
The correct option is C Perpetual Inventory System
Perpetual Inventory system is also called a continuous inventory system. This method keeps a continuous track of inventory by recording all transaction on an immediate basis at the time of purchase and sale. It provides a running balance of cost of goods sold available for sale.
Perpetual Inventory system is also called a continuous inventory system. This method keeps a continuous track of inventory by recording all transaction on an immediate basis at the time of purchase and sale. It provides a running balance of cost of goods sold available for sale.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
