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Perpetual Inventory

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.01 sec.
Perpetual inventory
Recordkeeping system in which book inventory is updated daily.

Perpetual Inventory
A standard of accounting inventory on a daily basis, as opposed to a weekly or monthly basis. At the end of a day, a company using perpetual inventory changes the inventory that appears on its records to reflect the most current amount. This can be inconvenient to count, but allows the company to constantly maintain accurate data.


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Tracing specific manufacturer lot numbers through the intervening systems touch points can provide a base traceability without having to install costly new perpetual inventory systems.
We determined the overstatement to be caused by a fraudulent manipulation in our perpetual inventory records," Stephen LaFrance Jr.
Total wealth is estimated as the present value of future consumption, produced capital stocks are derived from historical investment data using a perpetual inventory model, natural resource stock values are based upon country-level data on physical stocks and estimates of natural resource rents based on world prices and local costs, and intangible capital is measured as the difference between total wealth and the other produced and natural stocks.
 
 
 
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