Perpetual Inventory System vs Periodic Inventory System: Whats the Difference?
The last (or recent) costs will remain in inventory and be reported as inventory on the balance sheet. Periodic means that the Inventory account is not routinely updated during the accounting period. At the end of the accounting year the Inventory account is adjusted to equal the cost of the merchandise that has not been …
Perpetual Inventory System vs Periodic Inventory System: Whats the Difference? Lees verder »