Class Question

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Ze.Haxabja

Business Finance

Description

This is a discussion question in my class that needs to be answer. I would like for you to use your own words, but if not please cite-in-text with reference. No Plagiarism

What is the difference between a perpetual inventory system and a periodic inventory system? Pick one and discuss the advantages and disadvantages.

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1
Record Keeping
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Course
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11th November 2017

2
Record Keeping
Record Keeping
Perpetual inventory records and periodic inventory record a used to keep track of the
goods a given institution has at hand. Although both serve the same purpose, they are quite
different from each other. The first difference is that a perpetual inventory system is uses a
computer system to keep a record of goods whereas a periodic inventory system is manual in
keeping a record of good...


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