A periodic inventory system does not continually modify inventory amounts,but instead adjusts for purchases and sales of inventory at the end of the reporting period based on a physical count of inventory on hand.

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Quizplus · Accepted Answer

A periodic inventory system relies on physical counts at the end of the reporting period to adjust inventory amounts, rather than continually updating inventory levels throughout the period.

A Periodic Inventory System Does Not Continually Modify Inventory Amounts,but