Concept
Version 10
Created by Boundless
Perpetual vs. Periodic Counting
![Periodic inventory is performed once a year.](../../../../../../../../../figures.boundless-cdn.com/14402/full/121601421-d42d93e9b9-b.jpeg)
Periodic inventory is performed once a year.
Physically counting inventory ensures that book value and physical value are the same.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Dairy in the Walkin | Flickr - Photo Sharing!."
http://www.flickr.com/photos/tracyhunter/121601421/
Flickr
CC BY.