Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Inventory Valuation
Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in…
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A perpetual inventory system has these characteristics:
 
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Perpetual inventory is a technique in which the sale and purchases of stocks are recorded with the use of computerized point of sale system and enterprise asset management software. It shows the change in stocks  in detail. When a perpetual inventory system is followed company make no effort in keeping stock related ,detail records'

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