Was this the most efficient type of inventory

Assignment Help Accounting Basics

Reference no: EM133416999

Question: What is the main difference between these two types of systems? Provide a real-world example of businesses and/or locations that may use each type of inventory. Explain how you know that the inventory type you described is indeed what the business uses. Was this the most efficient type of inventory for each business?

If you owned your own small-town office supply store, which type of inventory would you use, and why? Would your choice of inventory systems change if you were a big-box (think Staples) office supply store?

If you enter all of your inventory in QuickBooks, and you make an error, then how will you fix it? Be sure to provide a detailed explanation.

Reference no: EM133416999

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