--%>
Assignment Help - homework help

Difference between the periodic and perpetual process

What is the main difference between the periodic and perpetual process, how will you record it in your note-book?

E

Expert

Verified

The periodic inventory system adjusts inventory and records costs of goods merely at the end of each and every reporting period. As you have to count you’re ending inventory by the hand. Perpetual inventory system constantly records both modifications in inventory costs and inventory quantity.

   Related Questions in Financial Accounting

  • Q : Spiritual Health Spiritual Health : The

    Spiritual Health: The relations with their superiors and peers are good. They work for a cause for the society and therefore they are able to draw contentment. This at times work against health to create compassion stress when employees are not able t

    		•
  • Q : Define the term Accounts Receivable

    Accounts Receivable: The money owed by customers (that is, individuals or corporations) to other entity in exchange for services or goods that have been employed or delivered, however not yet paid for. Receivables generally come in the form of operati

    		•
  • Q : Fundamental characteristics of

    State the fundamental characteristics of bureaucracies.

    		•
  • Q : Define uniform cost manual Give a brief

    Give a brief introduction of the term ‘uniform cost manual’. And also write down its different contents?

    		•
  • Q : Benefits of investing through

    List the benefits of investing through the international mutual funds?

    		•
  • Q : Non-tradable asset Assume there is

    Assume there is non-tradable asset along with the perfect positive correlation with a portfolio T of the tradable assets.  How will non-tradable asset be priced?

    		•
  • Q : Advance methods which are used in banks

    What are the advance methods which are used in banks presently?

    		•
  • Q : Case study of a wind turbine for rural

    The goal of this long problem is to validate the turbine performance estimates in specific (XYZ) wind regimes, and estimate its cost.  Below is a list of tasks you will need to accomplish, but you are not limited to these if you want to do more:  

    		•
  • Q : Describe the term Capital expenses

    Describe the term Capital expenses. Also write down its formula.

    		•
  • Q : Bretton Woods’s system programmed to

    Comment over the below proposition: “One can say that Bretton Woods’s system was programmed to the eventual demise”. 

    		•