Answer added by Shameer Nazir Madari, Assistant Finance Manager , METAL and RECYCLING firm K.S.C. (PUBLIC)4 years ago

Answer is 

a) providers determine expense of goods sold only at the end of the accounting period.

You are watching: Which of the following statements about a periodic inventory system is true?

Statement a) is True


Disadvantage that the regular inventory device is that the specific amount of perform shortage can not be determined. The quantity is buried in expense of items sold.



The routine inventory system is most helpful for smaller businesses that keep minimal amounts of inventory(A)

About jonathanlewisforcongress.com.com

jonathanlewisforcongress.com.com is the leading task site in the middle East and also North Africa, connecting job seekers v employers looking to hire. Every day, thousands of new job vacancies are listed on the award-winning platform from the region"s peak employers.

See more: Office Of The City Clerk 89 17 Sutphin Boulevard Jamaica Ny 11435

Follow jonathanlewisforcongress.com.com

© 2000-2021 jonathanlewisforcongress.com.com, Inc. All civil liberties Reserved.Terms of use - Privacy explain - Cookie policy - Security post