Inventory Journal Entries Example | Periodic Inventory System

In this accounting lesson, we explain what the Periodic Inventory System is and go through an example where we do the journal entries under the periodic inventory system. We go through transactions where we bough inventory using cash and where we sold inventory. In our journal entry, we account for purchases (which is a temporary account under the periodic inventory system), bank, sales, inventory (at the end of the period under the periodic inventory system)..
FIFO (First-In-FIrst-Out) - Periodic Example: • First In First Out (FI...
FIFO (First-In-First-Out) Method - PERPETUAL Example: • FIFO (First-In-First-O...
Perpetual Inventory System Explained with Journal Entry Example: • Inventory Journal Entr...
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[@julietsaleh3502]

you guys rock!!!! accounting has been killing me for so long and here I found my help!
thanks alot

[@omarsaeed531]

this is very concise and helpful. thank you so much

[@yinyin7614]

Well explained. Thank you.

[@settysographics328]

My forever mentor

[@zonkembokazi6709]

Thank you so much 💓

[@user-xr2ol2wz3d]

You guyz are wonderful...I give you'll a salute❤

[@lehakwehlalele6007]

why are you saying 30 multiply by 10 and not 20

[@mwewak5658]

very helpful

[@Counttuts]

Thank you

[@mpasimodestus7537]

can you make a video using the FIFO.LIFO.AVCO method using the periodic inventory system please cause this one is confusing me

[@Counttuts]

Hello, they will be uploaded soon. In the meantime, you can check out the three inventory methods mentioned above on our channel using the perpetual method.

[@Counttuts]

Here is the FIFO Periodic system: ua-cam.com/video/NNCMoiGkv6A/v-deo.html

[@neomthembu2626]

WHY DID YOU MULTIPLY 30 BY 10?

[@mitchellgongolo3844]

Those 30 units were bought for R10