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Sep
03
2010
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Accounting
Management Accounting
Accounting is the systematic process of measuring the economic activit...

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Inventory Counting Systems

Inventory Counting Systems are used to keep track of inventory and insure minimal loss of inventory while also knowing how much inventory is on hand and when it will be necessary to reorder inventory.

There are two main inventory counting systems , the Periodic System and the Perpetual Inventory System . Both are use for keeping track of inventory and have their own benefits and tradeoffs.

 
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