Sentences with periodic inventory
pe·ri·od·ic in·ven·to·ry
P p - Periodic inventory does not maintain an ongoing record of all inventory items.Periodic inventory does not have an accurate record of the inventories in between the inventory count periods.Periodic inventory is a method of valuing inventory, usually at the end of accounting periods, by physically counting all merchandise held in stock at that time.
- Compare periodic inventory with perpetual inventory which is a method of stock control in which an accurate record of all merchandise bought and sold is available at all times.