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  3. 6.6.2 which of the following is an advantage of th

6.6.2 Which of the following is an advantage of the periodic inventory system? ...

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Accounting

6.6.2 Which of the following is an advantage of the periodic inventory system?
A. frequent physical inventory counts
B. cost prohibitive
C. time consuming
D. real-time information for managers
7.6.2 Which of the following is not a reason for the physical inventory count to differ from what is
recognized on the companys books?
A. mismanagement
B. shrinkage
C. damage
D. sale of services to customers
8.6.2 Which of the following is not included when computing Net Purchases?
A. purchase discounts
B. beginning inventory
C. purchase returns
D. purchase allowances
9.6.3 Which of the following accounts are used when recording a purchase?
A. cash, merchandise inventory
B. accounts payable, merchandise inventory
C. A or B
D. cash, accounts payable

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