What is the main difference between a perpetual inventory system and a periodic inventory system?
What is the main difference between a perpetual inventory system and a periodic inventory system?
College Accounting (Book Only): A Career Approach
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ISBN:9781337280570
Author:Scott, Cathy J.
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Chapter9: Sales And Purchases
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What is the main difference between a perpetual inventory system and a periodic inventory system?
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Periodic inventory system: The method or system of recording the transactions related to inventory occasionally or periodically is referred to as periodic inventory system.
Perpetual inventory system: The method or system of maintaining, recording, and adjusting the inventory perpetually throughout the year, is referred to as perpetual inventory system.
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