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Thirty years ago, most companies relied mainly upon periodic inventory systems. Why? Tax laws required physical inventory counts. Before the advent of computers, perpetual systems
Thirty years ago, most companies relied mainly upon periodic inventory systems. Why?
Tax laws required physical inventory counts.Before the advent of computers, perpetual systems were less accurate than periodic systems.New technology, allowing perpetual inventory systems to be installed more easily and inexpensively, was not available thirty years ago.Theft was an insignificant source of loss compared to today.
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