What is the definition of Perpetual inventory? | Dictionary.net

PERPETUAL INVENTORY

\pəpˈɛt͡ʃuːə͡l ˈɪnvəntɹˌi], \pəpˈɛt‍ʃuːə‍l ˈɪnvəntɹˌi], \p_ə_p_ˈɛ_tʃ_uː_əl ˈɪ_n_v_ə_n_t_ɹ_ˌi]\

Definitions of PERPETUAL INVENTORY

1910 - Black's Law Dictionary (2nd edition)

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A manual or automatic system of accounting in which the inventory is adjusted properly with delivery, movements and receipts being updated in real time.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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