6 2: Compare and Contrast Perpetual versus Periodic Inventory Systems Business LibreTexts
The results dictate the optimal amount of inventory to buy or make to minimise expenses. Sales Discounts, Sales Returns and Allowances, and Cost of GoodsSold will close with the temporary debit balance accounts to IncomeSummary. A company sells a product for $100, and the cost to produce the product is $60. If you’re in the market for a perpetual inventory help to obtain current tax year information individual system, make a list of all the features you might need before you start shopping around. This will help you avoid the distraction of fancy features that seem appealing but offer no...
Continue reading