http://www.cargearusa.com/blog/being-a-cost-analyst-of-an-automobile-company-you-have-suggested-adopting-a-perpetual-inventory-system-for-in-2/ Fri, 18 May 2012 00:27:03 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.cargearusa.com/blog/being-a-cost-analyst-of-an-automobile-company-you-have-suggested-adopting-a-perpetual-inventory-system-for-in-2/comment-page-1/#comment-9088 OOOP'S Wed, 17 Mar 2010 23:56:22 +0000 http://www.cargearusa.com/blog/being-a-cost-analyst-of-an-automobile-company-you-have-suggested-adopting-a-perpetual-inventory-system-for-in-2/#comment-9088 Answer: Submitted By Muhammad Abdul Basit.03006834950 Under this system, a complete and continuous record of movement of each inventory item is maintained. Perpetual records are useful in preparing monthly quarterly or other financial statement. Record used is normally a “store ledger card” specifying quantity wise receipt, issue and balance together with values in chronological sequence. Generally this is accomplished by connecting the inventory system with order entry and in retail the point of sale system. In this case, book inventory would be exactly the same as, or almost the same, as the real inventory.<a href="http://www.teambuildingdirectory.com/"> OOOP'S</a> Answer: Submitted By Muhammad Abdul Basit.03006834950
Under this system, a complete and continuous record of movement of each inventory item is maintained. Perpetual records are useful in preparing monthly quarterly or other financial statement. Record used is normally a “store ledger card” specifying quantity wise receipt, issue and balance together with values in chronological sequence. Generally this is accomplished by connecting the inventory system with order entry and in retail the point of sale system. In this case, book inventory would be exactly the same as, or almost the same, as the real inventory. OOOP’S

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