A company is more likely to know the amount of inventory on hand at any time if it uses the periodic system . True or false?

its false>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.

My answer is false.

In a periodic system ending can only be determined when inventories are actually counted for the purpose of computing the cost of goods sold. Though records could assess the estimates of remaining inventories but it will not show what has been stolen, damaged or wasted.

False. The periodic inventory system allows a company to record sales of merchandise in a special account. When merchandise gets sold, the company records the revenue but does not record a cost of goods sold (CoGS) entry.

False.......................

Under Periodic Inventory System, one can find the inventory on hand at any time.

Therefore my answer is False.

Answer :False

The correct option is false because by using periodic inventory system a company is more likely to the amount of inventory at hand periodically or at the end of the period instead of any time.

True ... the company should know the size of the stock affordable .... that was larger quantities than it should inventory rose and increased storage costs and increased numbers of damaged ... work to reduce storage costs and reduce the amount of capital invested in assets be ..... always at hand and be accessible free of any obstacles while making sure workers know the way ...

False because periodic inventory accounting system can not give the 100% assessment whether the damages and dead stock etc.