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What is Perpetual Inventory System Explained about?
A perpetual inventory system maintains real-time records of stock receipts, issues, and balances, allowing for immediate access to material book balances. Continuous stock taking involves physically verifying stock against perpetual inventory records multiple times a year by counting random items. This process ensures the accuracy of balances in bin cards and stores ledger accounts.
- Author
- dicksonmagesa53
- Language
- EN