Describe how the periodic method differs from the perpetual method of accounting for merchandise inventory.

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 20, 2011 09:20 AM

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Describe how the periodic system differs from the perpetual system of accounting for merchandise inventory.
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How do the perpetual and periodic inventory accounting systems differ from each other?
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Describe how the periodic method differs from the perpetual method of accounting for merchandise inventory.

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Under the periodic method the inventory records do not show the amount available for sale o...View the full answer

Survey of Accounting

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