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    rehan_shirazi's Avatar
    rehan_shirazi Posts: 1, Reputation: 1
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    #1

    Aug 23, 2012, 10:13 AM
    Accounting Question
    What is the difference between periodic and perpetual journal entries ?

    I know one that when you buy something you write "purchases" in periodic and "inventory" in perpetual. Are there any other differences ?

    I don't remember exactly there was another few differences as well. Like may be when you pay delivery expenses on cash there is a standard entry (delivery expense{Debit} cash {Credit} but there was a difference in periodic or may be in perpetual.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Aug 23, 2012, 03:33 PM
    Perhaps this will assist you

    http://ccba.jsu.edu/accounting/PERPETUALPERIODICJE.HTML
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