Which one of the following statements is false?
A) A company using the periodic system does not maintain a continuous record of the physical quantities (or costs) of inventory on hand.
B) In the periodic system, the costs of acquisition of inventory are debited directly to an inventory account.
C) In the perpetual inventory system, recording in detailed subsidiary records can be in units only, not in dollar costs.
D) When the perpetual system is used, a physical count still needs to be made periodically.
B
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Worth defines the corporate integration of one or more nonprofits as ______.
A. teams B. mergers C. alliances D. collaborations
Which of the following instruments is binding in its entirety on those to whom it is addressed?
a. The regulation b. The recommendation c. The decision d. The directive
________ would be LEAST likely to use supporting salespeople.
A. Producers of consumer staples B. Merchant wholesalers of installations C. Producers of business accessories D. Supermarkets E. Producers of prescription drugs
A seller has breached his contract by providing unfit seed, which breach was undetectable until the bean crop was to be harvested. Remedies would include:
A) damages for the lost profits from a contract to sell the bean crop. B) liquidated damages set by the court to cover such a situation. C) specific performance of the contract. D) All of these.