The Periodic and the Perpetual Inventory Systems Are Two Methods

question 243

Essay

The periodic and the perpetual inventory systems are two methods that companies use to account for inventories. Briefly describe the major features of each system and explain why a physical inventory is necessary under both systems.

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Definitions:

Basic Trust

A sense of trust or confidence that the world is predictable and trustworthy, thought to be formed in early childhood as a result of one's interactions with caregivers.

Responsive to Needs

Being responsive to needs means recognizing and addressing the requirements or demands of a situation or individual in a timely and appropriate manner.

Neural Connections

The links between neurons in the brain that enable communication and the transmission of information throughout the nervous system.

Brain Cells

The cells in the brain, including neurons and glial cells, which are responsible for processing and transmitting information.