Which of the following are advantages of perpetual inventory system : (i) No interruption of production process (ii) More wastage of material (iii) Detect loss of stock due to theft, shrinkage, fire, etc. (iv) Ascertain

CS Executive · Cost and Management Accounting · PYQS · December 2016
Which of the following are advantages of perpetual inventory system : (i) No interruption of production process (ii) More wastage of material (iii) Detect loss of stock due to theft, shrinkage, fire, etc. (iv) Ascertain stock without physical verification Select the correct answer from the options given below —
(A) (i), (ii) and (iii)
(B) (ii), (iii) and (iv)
(C) (i), (ii) and (iv)
(D) (i), (iii) and (iv).

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Cost Accounting

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