Question
In: Accounting
describe atleast two reasons why a perpetual inventory system might be considered preferable to a periodic...
describe atleast two reasons why a perpetual inventory system might be considered preferable to a periodic inventory system. explain in detail
Solutions
ekkarill92 answered 1 year agoRelated Solutions
1) What is a periodic inventory system, and what is a perpetual inventory system? Why might...
1) What is a periodic inventory system, and what is a perpetual
inventory system? Why might an organization choose one over the
other?
2) How do accountants keep track of the number of units sold, if
they are using the periodic inventory method? (Hint-basic
equation).
3) What are the four basic cost flow methods for inventory
valuation? Briefly describe each method and indicate the
implications for financial reporting.
4.) How might IFRS affect inventory costing if incorporated into
US GAAP?
Describe the differences between a periodic, perpetual, and modified perpetual inventory system.
Describe the differences between a periodic, perpetual, and
modified perpetual inventory system.
Do manufacturing companies use a perpetual or periodic inventory system? Please elaborate on reasons why one...
Do manufacturing companies use a perpetual or periodic inventory
system? Please elaborate on reasons why one is preferable over the
other.
what is the periodic inventory system and what is the perpetuall inventory system? why might the...
what is the periodic inventory system and what is the
perpetuall inventory system? why might the organization choose one
over the other
What are the differences between Perpetual Inventory System and Periodic Inventory System?
What are the differences between Perpetual Inventory
System and Periodic Inventory System?
Why some firms might prefer a perpetual inventory system to a period inventory system? Explain with...
Why some firms might prefer a perpetual inventory system to a
period inventory system? Explain with reference to academic
source.
Describe (80 to 100 words) the advantages of the perpetual inventory system compared with the periodic...
Describe (80 to 100 words) the advantages of the perpetual
inventory system compared with the periodic system, with particular
regard to the aspect of physical stocktaking.
What is the main difference between a perpetual inventory system and a periodic inventory system?
What is the main difference between a perpetual inventory system and a periodic inventory system? Which system is used more often by major companies?
Discuss the advantages and disadvantages of the perpetual inventory system compared with a periodic inventory system.
Discuss the advantages and disadvantages of the perpetual
inventory system compared with a periodic inventory system.
1. Describe the difference between a periodic and a perpetual inventory system 2. What are closing...
1. Describe the difference between a periodic and a perpetual
inventory system
2. What are closing entries and why do we do them?
3. What is the adjusting process and why is used?
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