Which One of the Following Statements Is False

Multiple Choice

Which one of the following statements is false?

A) A company using the periodic system does not maintain a continuous record of the physical quantities or costs) of inventory on hand.
B) In the periodic system, the costs of acquisition of inventory are debited directly to an inventory account.
C) In the perpetual inventory system, recording in detailed subsidiary records can be in units only, not in dollar costs.
D) When the perpetual system is used, a physical count still needs to be made periodically.