Periodic Inventory System Overview The periodic inventory system only updates the ending inventory balance in the general ledger when you conduct a physical inventory count. Since physical inventory counts are time-consuming, few companies do them more than once a quarter or year. In the meantime, the inventory account in the accounting system continues to show […]
The post Periodic inventory system appeared first on Commerce and Management Sciences World.
This post first appeared on Commerce And Management Sciences World, please read the originial post: here