PRM Exam 1 Practice Question Bank provides you five full-length PRM practice tests that contain questions covering the entire breadth of the exam.
A company can account for changes in inventory using either periodic inventory system or perpetual inventory system. In the perpetual system, the company maintains a continuous record of inventory changes. All the purchases and sales of inventory are directly recorded in the inventory account. For every sale, the COGS is debited and inventory is credited. […]