Asked by Brayan Patlan on Jul 09, 2024

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This system can be costly and time consuming if not computerized.
A)Perpetual
B)Periodic

Perpetual

Continuing indefinitely without interruption; in accounting, it often refers to systems that continuously update inventory or records.

Inventory System

A method or system used to plan, organize, and control the goods or materials that are held in stock, ensuring efficient management and use of inventory.

Costly

Involving high expenses; describing something that requires significant financial outlay.

  • Identify the differences and effects on inventory accounting between perpetual and periodic inventory systems.
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ZK
Zybrea KnightJul 11, 2024
Final Answer :
a
Explanation :
Perpetual inventory system is computerized and updates inventory records in real-time. This helps in minimizing errors and reducing the cost and time involved in manual tracking of inventory.