What Is Periodic Inventory System? How It Works and Benefits
Because of this, the method requires keeping personal accounts for beginning inventory, purchases and on-hand inventory. A periodic inventory system is an inventory management valuation method to determine the cost of goods sold (COGS) for accounting and financial reporting purposes. As its name implies, this solution requires physically taking inventory levels at designated periods. A […]
What Is Periodic Inventory System? How It Works and Benefits Read More »
