IDNLearn.com: Your reliable source for finding expert answers. Our platform offers reliable and comprehensive answers to help you make informed decisions quickly and easily.
Sagot :
A purchase allowance is viewed as a reduction in expenses by the company that purchased the goods in a perpetual inventory system.
What is a system of perpetual inventory?
System of perpetual inventory. a system for keeping track of inventory that keeps track of when it enters and leaves the company. Stock Cards are utilized for each inventory item.
In order to ensure that the book inventory accurately depicts the actual stock, perpetual inventory is a continuous accounting practice that records inventory changes in real time without the need for physical inventory.
To learn more about perpetual inventory here
https://brainly.com/question/868907
#SPJ4
We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.
