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Find what is a perpetual inventory system

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Reference no: EM132756025

Problem 1: What is a periodic inventory system? What kind of businesses use periodic inventory systems?

Problem 2: What is a perpetual inventory system? What kind of businesses use perpetual inventory systems?

Problem 3: What are the main differences between these systems? Elaborate your answer. Include the recording and reporting requirements when a sale is made under each one.

Reference no: EM132756025

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