Multiple Choice
In Australia, where most accounting is computerised, the use of the periodic inventory system is declining. Which of the following businesses is still most likely to use the periodic approach to accounting for inventory?
A) Chemist shop
B) Supermarket
C) Bookshop
D) Service station
Correct Answer:
Verified
Correct Answer:
Verified
Q51: Simon sold goods to Lauren for $3300
Q52: Which of these is usually a retailer's
Q53: B sold goods to A on credit
Q54: Which of these should be classified as
Q55: Inventory is reported on the balance sheet
Q57: Which of the following statements is true?<br>A)
Q58: Under the periodic inventory system inventory purchased
Q59: With the periodic inventory system what does
Q60: When preparing an income statement for a
Q61: The use of computers has been a