💥Perpetual vs Periodic Cheat Sheet → [ Ссылка ]
In this video you'll find out what Perpetual and Periodic Inventory Systems are, and how they differ from one another. We'll cover the Pros and Cons of each before diving into an Accounting example. This episode is part of a mini-series exploring Inventory in Accounting. You can find the link to the whole playlist here ⬇️
🔗Full Inventory Playlist → [ Ссылка ]
🔴Subscribe for more Accounting Tutorials → [ Ссылка ]
⏱️TIMESTAMPS
00:00 - Intro
00:43 - Inventory Definition
00:50 - Perpetual Inventory System Definition
01:00 - Periodic Inventory System Definition
01:24 - Advantages of a Perpetual Inventory System
01:41 - Disadvantages of a Perpetual Inventory System
02:10 - Advantages of a Periodic Inventory System
02:16 - Disadvantages of a Periodic Inventory System
02:37 - Inventory Systems Worked Example - Question
03:33 - Inventory Calculation
04:40 - Inventory Systems Worked Example - Solution
11:50 - Final Comparison
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → [ Ссылка ]
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → [ Ссылка ]
▪ Xero (FREE TRIAL) → [ Ссылка ]
🔎FAQ
▪ My Favourite Accounting Book for Beginners → [ Ссылка ]
🚶FOLLOW ME ON
▪ Instagram → [ Ссылка ]
▪ TikTok → [ Ссылка ]
▪ Facebook → [ Ссылка ]
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → [ Ссылка ]
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
Inventory Systems: Perpetual vs Periodic
Теги
inventoryperpetualperiodicperpetual vs periodicinventory systemsmerchandising inventoryaccounting for inventoryinventory in accountinginventory tutorialperpetual inventoryperiodic tutorialaccounting basicsaccountinginventory explainedwhat is inventoryinventory accountingaccounting stufffinancial accounting