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Vijay PatelVijay Patel asked 1 year ago
1 Answers
RaviRavi Staff answered 1 year ago

if you keep detailed records of inventory opening stock, all purchases , productions, transfers , consumption, spoiled goods and closing stock on continuous basis. that means you can get stock balance any time by just looking at stock records it is called perpetual inventory
some entities may not maintain such records they will do stock count periodically and keep stock level updating every month or quarter etc it is called periodic stock taking , here you can get inventory levels any time you want, you will have to wait for stock taking date

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