What is the difference between the periodic and perpetual method, How will you record it your book?

steadyshot23

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• Mar 18th, 2010

A periodic inventory system adjusts inventory and records costs of goods  only at the end of each reporting period. Since you have to count your ending inventory by hand.  Perpetual inventory system continuously records both changes in inventory quantity  and inventory costs.

ajspalia

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• Nov 27th, 2008

I am not sure in what context the user is asking but periodic and perpetual are two methods used for inventory control. Periodic inventory is undertaken more commonly  to calculate the value of a...

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