The main differenge in the sales journal under the perpetusl
The main differenge in the sales journal under the perpetusl and periodic inventory system is: Mutple Choice The perpetusl system has a column to record cost of goods sold but the perlodic sysiem does rot The sales tax recelvable column is used under the perpetual system but not the periodic sales tax payable column is used under the perpetual sysem but not he periodic The accounts recelvsble column ih r uned under the perpetual syatem but not the peiodc he column for recording cashis used under the perpetual sytem but not the perodc TOSHIBA
Solution
Answer is The perpetual system has the option of recording cost of goods sold but the periodic system does not.
Explanation:
Under perpetual inventory system, the cost of goods sold is individually recorded for each sales transaction taken place. However, under periodic inventory system, the cost of goods sold is taken in to consideration at the end of period after physical stock taking.
