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Periodic Inventory System
Example
Periodic
FIFO
Periodic Inventory
Method
Perpetual and
Periodic Inventory System
Accounting
Inventory System
6:22
YouTube
Counttuts
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 ...
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