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What are the advantages and disadvantages of each of the periodic and perpetual inventory systems? Why?

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Accounting

What are the advantages and disadvantages of each of theperiodic and perpetual inventory systems? Why?

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Periodic inventory system A periodic inventory system is an inventory system in which each transaction of purchase and sale is not accounted continuously The Inventory is updated in records based on physical count of inventory at the end of the period Advantages This system is simple compared to perpetual inventory system since    See Answer
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