Perpetual inventory(redirected from Perpetual Inventories)
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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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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