The following are true of a perpetual inventory system except that______.A．in a perpetual

The following are true of a perpetual inventory system except that______.

A．in a perpetual inventory system, a continuous record of the quantities and costs of inventory on hand is maintained

B．a perpetual inventory system is more likely to be used when the stock is composed of a large number of relatively low cost items

C．in a perpetual inventory system, purchases of products are debited directly while sales of products are credited to the stock account

D．a perpetual inventory system provides a better control over stock