Question
When we talk about inventory, there are two systems that can be used to track our purchases and sales: the Perpetual Inventory System and the
When we talk about inventory, there are two systems that can be used to track our purchases and sales: the Perpetual Inventory System and the Periodic Inventory System. Please post your answers to the two questions below.
- What is it about the Perpetual Inventory System that makes it more popular than the Periodic Inventory System? Why would a business owner choose to use one over the other? What are the pros and cons of each system?
- Please explain the difference between FOB Shipping Point and FOB Destination Point and the effect either one has on inventory purchases and sales.
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Understanding And Conducting Information Systems Auditing
Authors: Arif Ahmed, Veena Hingarh
1st Edition
1118343743, 978-1118343746
