What is perpetual inventory?

Answer by  zinga (7)

Perpetual Inventory is an accounting method which allows a business to see exactly how much inventory they have at any point in time by adding inventory to their account when goods are purchased and the deduction from the account when goods are sold.

Answer by  ramses200 (34)

Perpetual inventory is the idea of never running out of a product that is for sale in a retail or wholesale setting.