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13. A co mpany that uses the perpetual inventory accounting method must use A. a Purchases account to record inventory acquisitions B. the FIFO inventory valuation method. C. a hand-posted ledger account system. D. an inventory card for each item in the inventory.

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Answer : "D. an inventory card for each item in the inventory."

=> This is because under Perpetual inventory accounting method, all inventory items should be recorded continuously as and when inventory is acquired. Thus,  All inventory transactions are recorded as incurred and constant updating of the value of inventory in the general ledger account is done. So, separate inventory card is used for each inventory item to have the value of inventory on hand.

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