Perpetual Inventory Accounting

This video discusses the perpetual inventory system. A comprehensive example is presented to demonstrate how the perpetual inventory system results in continuous updates to the inventory account as a firm purchases and sells inventory (as opposed to the periodic inventory system, in which the inventory account is updated at the end of a period).
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[@watchdogs899]

This guy is actually the best

[@micahagres7785]

i agree :)

[@Steve_Takes]

This is so much more easier to understand than Periodic inventory

[@dillonadrien8393]

i know Im randomly asking but does someone know of a method to get back into an Instagram account..?
I somehow forgot the password. I would love any tips you can give me.

[@dayhernandez9602]

teach better than my teacher thank you!!!!!

[@Edspira]

No problem!

[@mallorystewart5145]

Very helpful! Thank you for creating these videos!

[@Edspira]

No problem!

[@icecold1805]

I get the feeling that this was a simplification and the real calculation of COGS is a freaking nightmare...

[@callmehYT]

Been watching you everyday! thanks!

[@Edspira]

No problem. Thanks for watching!

[@busyyycc3857]

I understand better upon seeing this.

[@britbrown9030]

Thank you 😭😭😭

[@trevormackey1366]

thanks for the help!

[@Edspira]

No problem!

[@kaitlynshlanta1169]

You save my life

[@MyFinancialFocus]

Good way for accountants to stay organized.

[@diontaedaughtry974]

Great

[@breea.1053]

What about when there’s 2 sales instead of 1? I need help

[@rickinsav]

In a true perpetual inventory system, there would be up to 750 entries:: every single time an item was sold. Your example is practically a periodic example. Its a good example of a simplified inventory system. Not specifically periodic or perpetual.

[@sempercrescere6274]

TLDR: in perpetual accounting, we make adjustments to the inventory account EVERY TIME we top up/reduce our inventory.

[@busyyycc3857]

Can you make a video of explanation about interlocking and integrating system, please? Thanks.

[@tangtony1536]

Using this method seems a little bit odd to me where I cannot figure out he purchase a/c how I gonna trace my purchase Ledger anyway?

[@faisal892]

There is no purchase account in perpetual system.