Perpetual

Perpetual

An inventory accounting system updated for each addition to inventory and each issuance from inventory, so the records indicate the exact quantity on hand at any moment. The alternative is a periodic inventory system where actual inventory on hand is determined only once a year.

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Part of Speech: adjective
Synonym(s):
Blossary:
Industry/Domain: Accounting
Category: Auditing
Company: AIS
Product:
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Related terms

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