In a perpetual inventory system, a business maintains a continuous record for each inventory item.

Name: In a perpetual inventory system, a business maintains a continuous record for each inventory item.
Brand: Quizplus
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Quizplus · Accepted Answer

In a perpetual inventory system, inventory records are updated continuously, so the business maintains a running record for each inventory item. This is different from periodic inventory systems, where physical counts are done periodically to update inventory records.

In a Perpetual Inventory System, a Business Maintains a Continuous