The Difference in the Sales Journal Between the Perpetual and Periodic

question 44

Essay

The difference in the sales journal between the perpetual and periodic inventory systems is a column to record ___________________________ and __________________ for each sale that is used in the perpetual system but not in the periodic.

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Definitions:

Series

A group; a set of things in the same class coming one after another.

Group

A collection of individuals who come together for a common purpose, whether for socializing, working, or other activities.

Set Of Things

A collection or grouping of items or entities that share common characteristics or are defined by a specific criterion.

Ampule

A small glass container that can be sealed and its contents sterilized.