Question

The primary difference between a periodic and perpetual inventory system is that a periodic system

Answer 1

Answer:

There is no short answer.

Explanation:

The primary difference between the periodic and perpetual inventory system is that the perpetual system keeps track of things from the start to finish continuously while the periodic system divides it into periods and keeps the records at the end of every set period of time.

I hope this answer helps.

Answer 2

Answer:

periodic system records these transactions only at the end of the period

Explanation:

A perpetual inventory system is usually described as a method of inventory management that records real-time transactions of received or sold stock by or through the use of technology.

A periodic inventory system which is also known as the periodic inventory method is a method in which the amount of inventory is determined at the end of each accounting period or in specified periods. It is always done through a physical count for each period.

It should be understood that , the perpetual inventory system is generally considered a more efficient method, because it  keeps continual track of inventory balances through the use of technology, while the the periodic system relies upon an occasional physical count of the inventory to determine the ending inventory balance and the cost of goods sold