What Is The Difference Between Perpetual & Periodic Inventory Systems

1.	What Is The Difference Between Perpetual & Periodic Inventory Systems?
Answer» In perpetual INVENTORY SYSTEM, the inventory account is ADJUSTED continually throughout the accounting PERIOD. Whereas in the Periodic Inventory System: - Recording inventory transactions periodically than recording them continually. In perpetual inventory system, the inventory account is adjusted continually throughout the accounting period. Whereas in the Periodic Inventory System: - Recording inventory transactions periodically than recording them continually.

What Is The Difference Between Perpetual & Periodic Inventory Systems?

Answer»

In perpetual INVENTORY SYSTEM, the inventory account is ADJUSTED continually throughout the accounting PERIOD.

Whereas in the Periodic Inventory System: - Recording inventory transactions periodically than recording them continually.

In perpetual inventory system, the inventory account is adjusted continually throughout the accounting period.

Whereas in the Periodic Inventory System: - Recording inventory transactions periodically than recording them continually.