Question 2 of 10
Which of the following is an advantage of using a periodic inventory system?
A. It is less time consuming than other methods.
B. It is relatively easy and inexpensive to set up.

The periodic inventory system is a method of inventory valuation for financial reporting purposes in which a physical count of the inventory is performed at specific intervals.

What is a periodic inventory system for example?

Example of Periodic Systems. Periodic system examples include accounting for beginning inventory and all purchases made during the period as credits. Companies do not record their unique sales during the period to debit but rather perform a physical count at the end and from this reconcile their accounts.

Learn more about the periodic inventory system here: https://brainly.com/question/25887081

#SPJ2

Question 2 of 10 Which of the following is an advantage of using a periodic inventory system? A. It is less time consuming than other methods. B. It is relatively easy and inexpensive to set up.

Respuesta :

What is a periodic inventory system?

What is a periodic inventory system for example?

Otras preguntas

Question 2 of 10
Which of the following is an advantage of using a periodic inventory system?
A. It is less time consuming than other methods.
B. It is relatively easy and inexpensive to set up.