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jsing the topics from the chart below, explain the procedures of a company that uses...

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Accounting

jsing the topics from the chart below, explain the procedures of a company that uses a perpetual inventory system
\table[[Topic,Perpetual Inventory],[\table[[Accuracy of],[Merchandise],[Inventory account]],\table[[-real fime newrd],[- Phygical record]]],[\table[[Purchasing],[Inventory]],\table[[- ncurd coGS in inventory accomt lincluds sipping handing (0, t)],[- reteet on cocas whe inreatorgis sold],[- Perpesany update invering *]]],[Selling Inventory,],[\table[[Cost of Goods],[Sold]],- GOGs is calculated controsslly as inventory is so ld]]
Some companies use Multiple Step Income Statements. When they do, what is the difference between Net Income and Income from Operations?
Give 2 examples of Other Revenues and Gains
Give 2 examples of Other Expenses and Losses
\table[[\table[[Inventory Valuation],[Methods]],Explain method,\table[[Impact on Accuracy of],[Balance Sheet Inventory],[Figure]],\table[[Impact on Accuracy of Net],[Income Figure]]],[,,,],[\table[[FIFO],[(First In First Out)]],,,],[,,,],[Average Cost,,,]]
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