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Golddiggers Ltd specialise in selling custom made jewellery to wealthy customers. Would you expect that they...

Golddiggers Ltd specialise in selling custom made jewellery to wealthy customers. Would you expect that they are more likely to use a perpetual or periodic inventory system? In your own words, explain why

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Answer #1

Golddigger Ltd whould like to to use Periodic inventory accounting system because business like jewellery , car dealership or art gallery might be better suited for to the periodic system due to the reason that their sales volume are low and can easily track their inventory manually . It will reduce expense of acquiring the technology and staff support .

Perpitual system is better for business with high sales like grocery stores etc .

GIVE THUMPSUP IT SHALL BE A GREAT FAVOR THANKS

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