Anyone can explain me the periodic versus perputal accountung systems??

Question

I have homework to do and I have a chart of accounts ,I need to figure out what system is that by chart of account. Can anyone tell me what accounts are included in which system??

Answer 1

This page looks useful:
http://accountinginfo.com/study/inventory/inventory-110.htm

Also this one:
http://www.peoi.org/Courses/Coursesen/ac/ac10.html

This one is instructive:
http://ccba.jsu.edu/accounting/PERPETUALPERIODICJE.HTML

If this or any other answer to your question helps you resolve this issue, please select a "best answer." This motivates people to help you and rewards their research in your behalf.

Cheers,
Bruce