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Comparing between applying perpetual inventory system and periodic inventory system

August 2015 | 16 pages | ID: CC62C5AB213EN
Sadia Saeed

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A detailed report of 4000 words on comparing between inventory systems- Periodic and Perpetual
1. WHERE EACH OF THESE TWO METHODS CAN BE APPLICABLE AND WHY?

a. Perpetual Inventory System
b. Periodic Inventory System

2. WHAT IS THE EFFECT OF USING FIFO AND WA METHODS ON EACH OF THESE TWO SYSTEMS?

Influence of Using FIFO on periodic inventory system
Influence of Using Weighted average method on periodic inventory system
Influence of Using FIFO on perpetual inventory system
Influence of Using Weighted average method on perpetual inventory system

3. REQUIREMENTS OF APPLYING THE PERIODIC INVENTORY SYSTEM:


4. EFFECTS OF APPLYING PERIODIC INVENTORY SYSTEM ON THE FINANCIAL STATEMENTS:


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