Period-end vs continuous inventory records

By |2025-02-12T09:23:19+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Period-end vs continuous inventory records

  • As pointed out in our examination of the International Accounting Standard (IAS 2)
  • There are two accepted methods of keeping inventory records:
    1. The traditional period-end / periodic and
    2. Continuous inventory records
  • These methods are in turn used […]