Question

Under perpetual inventory system the inventory is treated as

A. O Asset

B. ○ Liability

C. O Income

D. Expense -
​

Answer 1

Answer:

The correct answer to this question is income.

Explanation:

Given - Under perpetual inventory system the inventory.

To Find - Choose the correct option.

Under a perpetual inventory system, the inventory is treated as Income.

A perpetual inventory system is software that estimates your inventory on a constant basis using computer data rather than a physical inventory. This approach starts with a physical count as a baseline and then updates based on sales and shipments.

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