Explain the differences between the perpetual and periodic inventory systems in terms of inventory quantity and cost.

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Explain the differences between the perpetual and periodic inventory systems in terms of inventory quantity and cost. Does the use of a perpetual system eliminate the need for taking a physical inventory count?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 06:14 AM

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Explain the differences between the perpetual and periodic inventory systems in terms of inventory quantity and cost.

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Under a perpetual inventory system a company keeps a continuous record of the physical quantities in ...View the full answer

Intermediate Accounting

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