What Is the Difference Between the Periodic and Perpetual Inventory

question 28

Essay

What is the difference between the periodic and perpetual inventory systems?

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Definitions:

Field

In computing and data management, a field is a single piece of data within a record in a database, or a single variable within a programming context.

Primary Key

A distinct identifier assigned to every record in a database table to maintain the accuracy and consistency of data.

Relationship

A connection, association, or involvement between people, entities, or concepts.

Record

An item of stored information, such as in a database, often consisting of multiple fields to represent different attributes of something.