The inventory system continually updates accounting records for merchandising transactions.
a. FIFO inventory system
b. LIFO inventory system
c. Weighted inventory system
d. Perpetual inventory system
e. Periodic inventory system
Answer: D
The inventory system continually updates accounting records for merchandising transactions.
a. FIFO inventory system
b. LIFO inventory system
c. Weighted inventory system
d. Perpetual inventory system
e. Periodic inventory system
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