A modern perpetual inventory system ________. A. eliminates the need for a physical count of inventory B. records the quantity, but not the cost, of merchandise inventory on hand C. is required by U.S. GAAP. D. achieves better control over inventory

Perpetual Inventory is a method that keeps track of inventories for quantity and availability. It is achieved by integrating the Accounting Inventory System (AIS) with the Inventory Receipts (IR) and Point of Sales Systems (POS) together with the manufacturer's production system. Perpetual Inventory Systems use bar codes and radio frequency recognition to monitor inventory movements to enhance inventory control.

A modern perpetual inventory system​ ________. A. eliminates the need for a physical count of inventory B. records the​ quantity, but not the​ cost, of merchandise inventory on hand C. is required by U.S. GAAP. D. achieves better control over inventory

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A modern perpetual inventory system ________. A. eliminates the need for a physical count of inventory B. records the quantity, but not the cost, of merchandise inventory on hand C. is required by U.S. GAAP. D. achieves better control over inventory