A system that maintains an expected inventory level within a store that reflects all physical product movement sales, deliveries, credits, etc.
Found on
http://www.encyclo.co.uk/local/20108
A perpetual inventory system is a method of tracking and recording inventory and costs of goods sold on a continual basis, so a current inventory balance can be calculated in real time. In other words, a perpetual inventory system records all inventory transaction in real time, so the accounting system can display the current inventory balance at a...
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
No exact match found.
