Inventory Tracking Systems a. What is the difference between a periodic and a perpetual

Chapter 25, Problem 2

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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?

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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.

                                                                 

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