I'm trying to understand the distinction between 'perpetual' and 'period'. Could someone explain the difference between these two terms?
5
answers
ShadowFox
Fri Feb 28 2025
An perpetual inventory system operates by updating its data continuously as sales and orders are processed.
KDramaLegendaryStar
Thu Feb 27 2025
This system ensures that the inventory records are always current and reflect the latest transactions.
OliviaTaylor
Thu Feb 27 2025
In contrast, a periodic inventory system updates its data manually after each accounting period.
TaegeukChampion
Thu Feb 27 2025
This means that the inventory records are only accurate at the end of each accounting cycle.
Paolo
Thu Feb 27 2025
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