what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?

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08-10-2021
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what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?

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jvrdanwong jvrdanwong · Answer 1 · 2021-10-14T05:03:17+02:00

jvrdanwong jvrdanwong

14-10-2021

Answer: With a periodic system, cost of goods sold is calculated only once at the end of the period. In contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made.

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