Question

In: Accounting

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.

Solutions

Expert Solution

Perpetual Inventory System :-

AdvantageAdvantagesadvantage aadvantagesadvantaadvantagesaadvantagesadvantaadvantagadvantagesadvantaadvantagesaadvantagesadvantaaadvantagesadvantaadvantagesaadvantagesadvantaadvantagadvantagesadvantaadvantagesaadvantagesadvanadvantagesadvantaadvantagesaadvantagesadvantaadvantagadvantagesadvantaadvantagesaadvantagesadadvantagesadvantaadvantagesaadvantagesadvantaadvantagadvantagesadvant

Note:- PPlesPPlesePPlesPPlePPlesPPlesePPlesPPlPPlesPPlesePPlesPPlePPlesPPlesePPlPPlesPPlesePPlesPPlePPlesPPlesePPlesPPlPPlesPPlesePPlesPPlePPlesPPlesPPlesPPlesePPlesPPlePPlesPPlesePPlesPPlPPlesPPlesePPlesPPlePPlesPPlesePPlPPlesPPlesePPlesPPlePPlesPPlesePPlesPPlPPlesPPlesePPlesPPlePPlesPPlesPPlesPPlesePPlesPPlePPlesPPlesePPlesPPlPPlesPPlesePPlesPPlePPlesPPlesePPlPPlesPPlesePPlesPPlePPlesPPlesePPlesPPlPPlesPPlesePPlesPPlePPlesPPlesPPlesPPlesePPlesPPlePPlesPPlesePPlesPPlPPlesPPlesePPlesPPlePPlesPPlesePPlPPlesPPlesePPlesPPlePPlesPPlesePPlesPPlPPlesPPlesePPlesPPlePPlesPPles


Related Solutions

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.
Describe the differences between a periodic, perpetual, and modified perpetual inventory system.
Describe the differences between a periodic, perpetual, and modified perpetual inventory system.
What are the differences between Perpetual Inventory System and Periodic Inventory System?
What are the differences between Perpetual Inventory System and Periodic Inventory System?
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?    
What are the advantages and disadvantages of each of the periodic and perpetual inventory systems? Why?
What are the advantages and disadvantages of each of the periodic and perpetual inventory systems? Why?
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?
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?
What is the main difference between a perpetual inventory system and a periodic inventory system? Do...
What is the main difference between a perpetual inventory system and a periodic inventory system? Do you think one is preferential over the other? Explain.
We are studying the perpetual inventory system and the periodic inventory system. Some questions: what is...
We are studying the perpetual inventory system and the periodic inventory system. Some questions: what is the difference between the two systems? What is involved with using each system? Which do you think is more common and why? How does FIFO, LIFO and Weighted Average differ? How are they alike? Why don't companies use specific identification more often? Why is this method rare?
What is the major difference between a periodic and perpetual inventory system
What is the major difference between a periodic and perpetual inventory system
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT