Final answer:
True, A perpetual inventory system does indeed maintain a continuous record of inventory levels, making the statement true. These systems use technology to update inventory records in real time to accurately reflect available stock.
Step-by-step explanation:
A perpetual inventory system maintains a continuous record of merchandise inventory increases and decreases. This statement is A. True. A perpetual inventory system is an accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software. It provides a highly detailed view of changes in inventory with immediate reporting of the amount of inventory in stock, and accurately reflects the level of goods on hand.