Periodic vs Perpetual Inventory Accounting
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- čas přidán 4. 06. 2015
- This video discusses the differences between the periodic and perpetual inventory methods. A comprehensive example is provided to illustrate the different journal entries that are used to record inventory purchases, sales, and period-end adjustments under each method.
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![Perpetual Inventory Accounting [WITH FULL EXAMPLE]](http://i.ytimg.com/vi/FZG8KphYOZ0/mqdefault.jpg)
I can't tell you how relieved I am when searching a topic, and I see you have an offering on the subject. Always informative, and more importantly, understandable. Thanks so much!
Perpetual seems to make so much more sense and seems much more straightforward and organized. Why would a company even want to use periodic?
In periodic method, you only debit $250 in inventory, whereas there's suppose to be $500 in the ending inventory. But in perpetual inventory you have an ending inventory of $500. How would we justify the balance $250 in the periodic method in inventory?
So periodic deals with time and perpetual deals with each sale.
It’s not right say the purchase account is not a real account. It is an real account. You need to be more clear as to whether it’s a balance sheet or PL account. Example, if you don’t count your inventory until end of Q1. There is an amount in the purchase account for Jan and Feb. Is the amount on the BS or PL
I really love the way you deliver the knowledge because you are good at expressing what's on your brain. my professors are not good at it.
i have an issue where i play clash royale all class so this helps a lot
This video is very useful because we can learn how to do inventory and what is it about.
Clear dude!
I've watched so many of your videos now and they've helped immensely!! You're an amazing teacher!!
I know im not the only one who quickly subscribed after seeing how this guy has made everything so easy <3
In this video I explain FIFO, LIFO and average cost methods to value the stocks stored by a company, to estimate the cost of goods sold and to determine the commercial result (profit or loss) of the firm:
I am so happy at last i could find a very understandable video on this topic very useful, keep on the good work
look through alot of accounting videos, this had to be the best. clear understanding with your video. God bless and thank you
I should have picked this video first. totally understand now thank you
watching this for my accounting class, thank you
You have helped me in such a critical time. Thank you sir so much
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Thank you so much for this video. You have no idea how much it helped!
Life saver