Which of the following statements is not correct?

A)

In a periodic inventory system, merchandise inventory and purchasing systems are integrated with the

records for Accounts Receivable and Sales Revenue.

B)

In a perpetual inventory system, the "cash register" at the store is a computer terminal that records

sales and updates inventory records.

C)

Restaurants and small retail stores often use the periodic inventory system.

D)

Even in a perpetual inventory system, a business must count inventory at least one a year