Difference between the periodic and perpetual process
What is the main difference between the periodic and perpetual process, how will you record it in your note-book?
Expert
The periodic inventory system adjusts inventory and records costs of goods merely at the end of each and every reporting period. As you have to count you’re ending inventory by the hand. Perpetual inventory system constantly records both modifications in inventory costs and inventory quantity.
Conspicuous Consumption: It is the phenomena of spending money on services and goods which are not required but keeping them gives you a high social status. Those things are kept mainly for the purpose of displaying and creating a false image of your
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