Describe the perpetual and the periodic inventory systems.
Describe the perpetual and the periodic inventory systems. How are they different? Are there circumstances in which one system is better than the other? Include real-life examples. Your initial post should be 200-250 words.
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The perpetual inventory is a method that allows the organization to keep a record of their inventory through the continuous record of the inventory through the use of management software. The periodic inventory system, on the other hand, is a system in which the updates of the inventory of goods are made periodically or within a stipulated time. The two differ in that the perpetual method is more continuous when compared to the periodic system which is made periodically (Libby, Libby, and Short, 2011).
The periodic system also…
APA
250 words
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