What Is Periodic Inventory System?

1.	What Is Periodic Inventory System?
Answer» Periodic inventory is a system of inventory in which updates are made on a periodic basis. This differs from perpetual inventory systems, where updates are made as SEEN fit. In a periodic inventory system no effort is made to keep up-to-date records of EITHER the inventory or the COST of goods SOLD. Periodic inventory is a system of inventory in which updates are made on a periodic basis. This differs from perpetual inventory systems, where updates are made as seen fit. In a periodic inventory system no effort is made to keep up-to-date records of either the inventory or the cost of goods sold.

Answer»

Periodic inventory is a system of inventory in which updates are made on a periodic basis. This differs from perpetual inventory systems, where updates are made as SEEN fit. In a periodic inventory system no effort is made to keep up-to-date records of EITHER the inventory or the COST of goods SOLD.

Periodic inventory is a system of inventory in which updates are made on a periodic basis. This differs from perpetual inventory systems, where updates are made as seen fit. In a periodic inventory system no effort is made to keep up-to-date records of either the inventory or the cost of goods sold.

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