Question

When a periodic inventory system is used, a.only the reduction of inventory is recorded each time a sale is made. b.only the cost of goods sold is recorded each time a sale is made. c.only revenue is recorded each time a sale is made. d.None of these choices are correct.

Answer 1

Answer:

c. only revenue is recorded each time a sale is made.

Explanation:

A periodic inventory system is a system used to define the amount of inventory at the end of an specified period. To achieve this revenue is recorded each time.

I hope you find this information useful and interesting! Good luck!