What is the difference between a perpetual inventory and a


1. What is the difference between a perpetual inventory and a physical inventory? If a company maintains a perpetual inventory, should its physical inventory at any date be equal to the amount indicated by the perpetual inventory records? Why?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What is the difference between a perpetual inventory and a
Reference No:- TGS01491577

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)