Perpetual inventory

Question

Dec 4, 2007, 07:45 AM

huron2

New Member

Join Date: Dec 2007

Posts: 5

Perpetual inventory

What are the advantages and disadvantage of using a perpetual inventory system.

How do you make an adjusting entry for shrinkage using the FIFO and LIFO method. If the ending balanced is 2000 and a physical count shows as 1700.

Answer this Question Ask about Accounting

Bookmarks

Digg
del.icio.us
StumbleUpon
Google

« Previous Thread | Next Thread »

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Sponsors

Similar Threads
Question	Asker	Forum	Answers	Last Post
Perpetual Inventory	trivadi	Accounting	3	Mar 13, 2008 12:59 PM
perpetual inventory	carmenjul	Accounting	0	Mar 21, 2007 05:58 PM
perpetual inventory	sleduc	Accounting	0	Mar 12, 2007 06:07 AM
Perpetual Inventory	Daisy2	Accounting	1	Mar 4, 2007 06:30 PM
perpetual inventory	shackman	Accounting	1	Feb 27, 2007 12:03 AM



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!