Perpetual and periodic inventory system: In merchandise business, there are two types of inventory system followed for maintaining inventory records—perpetual and periodic inventory system. It helps to evaluate the amount of inventory purchased, sold and held at the end of an accounting period. To Differentiate: the perpetual inventory system and periodic inventory system To discuss: the potential benefits of a perpetual inventory system

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Chapter 5, Problem 3Q

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Perpetual and periodic inventory system: In merchandise business, there are two types of inventory system followed for maintaining inventory records—perpetual and periodic inventory system. It helps to evaluate the amount of inventory purchased, sold and held at the end of an accounting period.

To Differentiate: the perpetual inventory system and periodic inventory system

To discuss: the potential benefits of a perpetual inventory system

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