Answer:The perpetual inventory system involves tracking and updating inventory records after every transaction of goods received or sold through the use of technology. ..
Perpetual inventory is a continuous accounting practice that records inventory changes in real-time, without the need for physical inventory, so the book inventory accurately shows the real stock. ... Perpetual inventory methods are increasingly being used in warehouses and the retail industry.
Step-by-step explanation:
Purchases and returns are immediately recorded in your inventory accounts. For example, a grocery store may use a perpetual inventory system
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Answer:The perpetual inventory system involves tracking and updating inventory records after every transaction of goods received or sold through the use of technology. ..
Perpetual inventory is a continuous accounting practice that records inventory changes in real-time, without the need for physical inventory, so the book inventory accurately shows the real stock. ... Perpetual inventory methods are increasingly being used in warehouses and the retail industry.
Step-by-step explanation:
Purchases and returns are immediately recorded in your inventory accounts. For example, a grocery store may use a perpetual inventory system