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Perpetual inventory system, record of inventory

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A perpetual inventory system maintains an up-to-date record of inventory. It thus allows an organization to have a timely and more accurate inventory data.

Consider the features of perpetual inventory and respond to the following:

- Discuss the advantages and disadvantages of accounting for inventory under the perpetual inventory system.

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Consider the features of perpetual inventory and respond to the following:
•Discuss the advantages and disadvantages of accounting for inventory under the perpetual inventory system.

Some advantages associated with perpetual inventory accounting ...

Solution Summary

The solution provides information on advantages associated with perpetual inventory accounting. The expert also discusses the features of perpetual inventory.

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3. What types of companies use perpetual inventory systems?

4.. What are the basic journal entries used to record inventory transactions?

5. What are the differences between perpetual and periodic inventory related journal entries?

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