Periodic inventory system processes

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Reference no: EM13904340

Periodic inventory system processes include taking a physical inventory count and adjusting the accounting records to this physical count. On the other hand, a perpetual inventory system continuously keeps track of the physical inventory count, along with its respective value.

Are there specific industries in which the periodic system is more appropriate than the perpetual system?

Is one system more accurate than another? Explain your answer.

Reference no: EM13904340

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