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Feb
07
2012
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Accounting
Management Accounting
Accounting is the systematic process of measuring the economic activit...

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Periodic Inventory System

The periodic inventory counting system makes use of physically counting inventory on periodic intervals.

The benefit of using periodic inventory counting is that once the inventory is counted you will accurately know how much inventory you have. The downfall is that this system can be costly and so it is often substituted for a Perpetual Inventory System.
 
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