A perpetual inventory system: usually maintains inventory records only in terms of physical units on hand. uses a purchases account to record additions to inventory.
A perpetual inventory system:
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usually maintains inventory records only in terms of physical units on hand.
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uses a purchases account to record additions to inventory.
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eliminates the need to periodically take a physical inventory count.
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keeps a running record of the amount of inventory on hand.
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Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
