Two accounting questions true or false, if false please indicate why?

1. in a periodic inventory system, the cost of goods sold is determined only at the end of the accounting period.





2. a periodic inventory system provides better control over inventories than a perpetual system.Two accounting questions true or false, if false please indicate why?
1. in a periodic inventory system, the cost of goods sold is determined only at the end of the accounting period. TRUE





2. a periodic inventory system provides better control over inventories than a perpetual system. FALSE


You only know how much inventory is on hand at the end of the accounting period. This doesn't tell the boss whether he's holding insufficient or too much inventory.