File: Inventory Control Ppt 76201 | 01 Powerpoint 2
types of inventory control systems perpetual perpetual inventory system inventory is continuously updated used by a majority of businesses when new merchandise is purchased the inventory account not the purchases ...
Filetype Power Point PPTX | Posted on 02 Sep 2022 | 3 years ago
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...Types of inventory control systems perpetual system is continuously updated used by a majority businesses when new merchandise purchased the account not purchases immediately debited there are two journal entries goods sold items removed from and placed in cost good sale credited to sales cash or accounts receivable stock record show type quantity received balance on hand periodic also called physical determined physically counting weighing measuring as it shown section closed at end year cont d customers only one entry debit credit no adjustment needed will be made records information for inventories expensive conduct especially with large companies that use take least once per questions understanding discussion explain concept how does differ similar why necessary even...