PERPETUAL INVENTORY Definition

Bookmark and Share

PERPETUAL INVENTORY is an inventory accounting system whereby book inventory is kept in continuous agreement with stock on hand. A daily record is maintained of the dollar amount and physical quantity. There are periodic physical inventories taken to reconcile at short intervals.

Learn new Accounting Terms

CONSERVATIVE INVESTOR, dependent upon the degree of conservatism, is one that protects and preserves their principal above consideration of capital gains to the point that in the extreme they can be described as being risk averse.

TARIFF, AD VAL OREM is a tariff determined as a percentage of the value of the goods.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.