Question

The inventory system employing accounting records that continuously disclose the amount of inventory is called?

1) Perpetual inventory system
2) Periodic inventory system
3) Just-in-time inventory system
4) Economic order quantity system

Answer 1

A perpetual inventory system is an inventory system that continuously discloses the amount of inventory in real-time.

Step-by-step explanation:

The inventory system employing accounting records that continuously disclose the amount of inventory is called a perpetual inventory system. In this system, each sale and purchase of inventory is recorded in real-time, keeping the inventory balance accurate and up-to-date. This system enables businesses to have a real-time view of their inventory levels and helps in making informed decisions about reordering and managing stock.