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New Member
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Dec 13, 2007, 03:07 PM
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Periodic Inventory System
What would be a disadvantages of a larger business using a periodic inventory system?
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New Member
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Dec 14, 2007, 09:27 PM
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Periodic system does not track the inventory constantly but does it at the end of a fiscal accounting period when inventory is counted to calculate the cost of goods sold whereas perpetual inventory system tracks the inventory constantly on hand and cost of goods sold.
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New Member
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Dec 14, 2007, 09:27 PM
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Perpetual is better than periodic I would say
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New Member
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Jan 13, 2008, 03:08 PM
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I need to know what a perpetual inventory system is
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