Difference between Perpetual & Periodic Inventory Systems and Entries for Perpetual Inventory System

Video Link: https://youtu.be/0b3jlBAL4y8

In this video, I have explained:

1) What is perpetual inventory system and its comparison with periodic inventory system

2) Journal entries for perpetual inventory system

3) Cost flow from inventory account to cost of goods sold account under perpetual inventory system

Exercise Files
Introduction-Trading Business (pdf)
249.56 KB
List Price, discounts , credit term-u (pdf)
214.20 KB
Entries and Questions-Perpetual and Periodic Inventory System. (pdf)
237.77 KB
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