What is the difference between a perpetual inventory and a physical inventory? If a company maintains a

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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?

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Feb 17, 2011 04:41 AM

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What is the difference between a perpetual inventory and a physical inventory? If a company maintains a

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In a perpetual inventory system data are available at any time on the quantity and dolla...View the full answer

Intermediate Accounting

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