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Inventory Tracking Systems a. What is the difference between a periodic and a perpetual
Chapter 25, Problem 2(choose chapter or problem)
Inventory Tracking Systems
a. What is the difference between a periodic and a perpetual inventory system?
b. What is the advantage to using a perpetual inventory system? Why is it difficult for some businesses to use it?
Questions & Answers
QUESTION:
Inventory Tracking Systems
a. What is the difference between a periodic and a perpetual inventory system?
b. What is the advantage to using a perpetual inventory system? Why is it difficult for some businesses to use it?
ANSWER:Step 1 of 3
Inventory valuation system is used by a company to record its items of merchandise in a systematic manner through-out the year. It helps in determining the value of merchandise left at the end of the year.