Describe how the perpetual inventory system works. What are some advantages of using the perpetual inventory system?

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Describe how the perpetual inventory system works. What are some advantages of using the perpetual inventory system? Is it necessary to take a physical inventory when using the perpetual inventory system?

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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Question Posted: Jan 03, 2012 04:33 AM

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Describe how the perpetual inventory system works. What are some advantages of using the perpetual inventory system?

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Under a perpetual inventory system the balance in the inventor...View the full answer

Survey of Accounting

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