Question
For each of the independent scenarios below, determine if they use a Perpetual or Periodic System. Place a checkmark in the box. Independent Scenario Perpetual
For each of the independent scenarios below, determine if they use a Perpetual or Periodic System. Place a checkmark in the box.
Independent Scenario | Perpetual | Periodic |
A store manager checks the computer system to determine if there is enough inventory to fill a customer order. | ||
A year-end physical inventory count is completed. | ||
As inventory is received, all items are scanned and input immediately into the inventory records. | ||
A customer brings 5 items to the cashier to pay. The cashier counts each item and types the amount owed into the cash register. |
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