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Meaning of "perpetual inventory" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF PERPETUAL INVENTORY

perpetual inventory play
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GRAMMATICAL CATEGORY OF PERPETUAL INVENTORY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Perpetual inventory is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES PERPETUAL INVENTORY MEAN IN ENGLISH?

Perpetual inventory

In business and accounting/accountancy, perpetual inventory or continuous inventory describes systems of inventory where information on inventory quantity and availability is updated on a continuous basis as a function of doing business. Generally this is accomplished by connecting the inventory system with order entry and in retail the point of sale system. In this case, book inventory would be exactly the same as, or almost the same, as the real inventory. In earlier periods, non-continuous, or periodic inventory systems were more prevalent. Starting in the 1970s digital computers made possible the ability to implement a perpetual inventory system. This has been facilitated by bar coding and lately radio frequency identification labeling which allows computer systems to quickly read and process inventory information as part of transaction processing. Perpetual inventory systems can still be vulnerable to errors due to overstatements or understatements that can occur as a result of theft, breakage, scanning errors or untracked inventory movements, leading to systematic errors in replenishment.

Definition of perpetual inventory in the English dictionary

The definition of perpetual inventory in the dictionary is a form of stock control in which running records are kept of all acquisitions and disposals.

WORDS THAT BEGIN LIKE PERPETUAL INVENTORY

perpetration
perpetrator
perpetuable
perpetual
perpetual check
perpetual debenture
perpetual motion
perpetual motion of the first kind
perpetual motion of the second kind
perpetual spinach
perpetualism
perpetualist
perpetuality
perpetually
perpetuance
perpetuate
perpetuation
perpetuator
perpetuities
perpetuity

WORDS THAT END LIKE PERPETUAL INVENTORY

depository
directory
factory
Federal Capital Territory
history
introductory
inventory
laboratory
love story
mandatory
personality inventory
promontory
regulatory
repository
respiratory
satisfactory
statutory
story
territory
victory

Synonyms and antonyms of perpetual inventory in the English dictionary of synonyms

SYNONYMS

Translation of «perpetual inventory» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF PERPETUAL INVENTORY

Find out the translation of perpetual inventory to 25 languages with our English multilingual translator.
The translations of perpetual inventory from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «perpetual inventory» in English.

Translator English - Chinese

永续盘存
1,325 millions of speakers

Translator English - Spanish

inventario perpetuo
570 millions of speakers

English

perpetual inventory
510 millions of speakers

Translator English - Hindi

सदा की सूची
380 millions of speakers
ar

Translator English - Arabic

الجرد الدائم
280 millions of speakers

Translator English - Russian

непрерывной инвентаризации
278 millions of speakers

Translator English - Portuguese

inventário permanente
270 millions of speakers

Translator English - Bengali

চিরস্থায়ী জায়
260 millions of speakers

Translator English - French

l´inventaire permanent
220 millions of speakers

Translator English - Malay

Inventori kekal
190 millions of speakers

Translator English - German

permanente Inventur
180 millions of speakers

Translator English - Japanese

継続棚卸
130 millions of speakers

Translator English - Korean

기록법
85 millions of speakers

Translator English - Javanese

Persediaan terusan
85 millions of speakers
vi

Translator English - Vietnamese

kê khai thường xuyên
80 millions of speakers

Translator English - Tamil

நிரந்தர சரக்கு
75 millions of speakers

Translator English - Marathi

शाश्वत यादी
75 millions of speakers

Translator English - Turkish

Sürekli envanter
70 millions of speakers

Translator English - Italian

dell´inventario permanente
65 millions of speakers

Translator English - Polish

stałej inwentaryzacji
50 millions of speakers

Translator English - Ukrainian

безперервної інвентаризації
40 millions of speakers

Translator English - Romanian

inventar perpetuu
30 millions of speakers
el

Translator English - Greek

διαρκούς απογραφής
15 millions of speakers
af

Translator English - Afrikaans

deurlopende voorraadstelsel
14 millions of speakers
sv

Translator English - Swedish

PI-
10 millions of speakers
no

Translator English - Norwegian

kontinuerlig beholdnings
5 millions of speakers

Trends of use of perpetual inventory

TRENDS

TENDENCIES OF USE OF THE TERM «PERPETUAL INVENTORY»

The term «perpetual inventory» is normally little used and occupies the 114.552 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
47
/100
The map shown above gives the frequency of use of the term «perpetual inventory» in the different countries.
Principal search tendencies and common uses of perpetual inventory
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «perpetual inventory».

FREQUENCY OF USE OF THE TERM «PERPETUAL INVENTORY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «perpetual inventory» during the past 500 years. Its implementation is based on analysing how often the term «perpetual inventory» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about perpetual inventory

EXAMPLES

10 ENGLISH BOOKS RELATING TO «PERPETUAL INVENTORY»

Discover the use of perpetual inventory in the following bibliographical selection. Books relating to perpetual inventory and brief extracts from same to provide context of its use in English literature.
1
Perpetual Inventory
In essays that span three decades, one of contemporary art's most esteemed critics celebrates artists who have persevered in the service of a medium.
Rosalind E. Krauss, 2013
2
Auditing: A Business Risk Approach
Existence of an Accurate Perpetual Inventory System A perpetual inventory system allows an organization not only to know the current stock of its inventory but also to identify products that need to be re- ordered, products that have not sold for ...
Larry Rittenberg, Karla Johnstone, Audrey Gramling, 2009
3
Principles of Accounting
Prepare journal entries and, assuming the perpetual inventory system, determine the total amount paid to Jonak Company. Preparation of the Income Statement: Perpetual Inventory System LO3 E8. Selected account balances at December 31  ...
Belverd Needles, Marian Powers, Susan Crosson, 2010
4
Accountants' Handbook, Financial Accounting and General Topics
A perpetual inventory system meets this need by maintaining records that detail the physical quantity and dollar amount of current inventory items. Technological advances such as scanners and low-cost computer applications have made ...
D. R. Carmichael, O. Ray Whittington, Lynford Graham, 2007
5
Food and Beverage Cost Control
A physical inventory is a system in which an actual physical count and valuation of all inventory on hand is taken at the close of each accounting period. A perpetual inventory system is one in which the entire inventory is counted and recorded, ...
Lea R. Dopson, David K. Hayes, 2010
6
Financial & Managerial Accounting
EX 6-5 Perpetual inventory using LIFO 051. 2, 3 V Inventory balance, Beginning inventory, purchases, and sales data for prepaid cell phones for August are August 31, as follows; Inventory Purchases Sales Aug. 1 775 units at 544 Aug. 10 360 ...
Carl Warren, James Reeve, Jonathan Duchac, 2013
7
The Pharmacy Technician: A Comprehensive Approach
Board regulanons require that a pharinacist should keep a perpetual inventory of each controlled substance in Schedule ll, ... The perpetual inventory is a written record of the ainount of controlled substances in Schedule ll that are physically ...
Jahangir Moini, 2004
8
Accounting: Concepts and Applications
inventory shrinkage The amount of inventory that is lost, stolen, or spoiled during a period; determined by comparing perpetual inventory records to the physical count of inventory. This cost of goods sold computation highlights the key ...
W. Albrecht, James Stice, Earl Stice, 2007
9
Cornerstones of Financial and Managerial Accounting
CORNERSTONE 6-2 Recording Purchase Transactions in a Perpetual Inventory System Concept: The cost of inventory includes the purchase price of the merchandise plus any cost of bringing the goods to a salable condition and location.
Jay Rich, Jeff Jones, Dan Heitger, 2011
10
The Art and Science of Computer Assisted Ordering: Methods ...
Chapter 4 Store Perpetual Inventory OVERVIEW Store perpetual inventory is an accurate picture of a store s product on hand. All changes to inventory, increases and decreases, apply to a base inventory initiated through a physical count.
Barbara V. Anderson, 1996

10 NEWS ITEMS WHICH INCLUDE THE TERM «PERPETUAL INVENTORY»

Find out what the national and international press are talking about and how the term perpetual inventory is used in the context of the following news items.
1
Loblaw Companies Limited Reports a 14.9% Increase in Adjusted …
... associated with an inventory measurement and other conversion differences related to implementation of a perpetual inventory system in the ... «SYS-CON Media, Jul 15»
2
TCGRx Unveils the New ATP® 2 at the Cardinal Retail Business …
... solutions that range from simple packaging technology to enterprise-wide perpetual inventory management. TCGRx solutions are specifically ... «PR Web, Jul 15»
3
Worldwide Chain Stores announces availability of its next …
... operations, voice, sophisticated storage algorithms, perpetual inventory and cycle counting, labour management and asset tracking. «Industry Today, Jul 15»
4
Hi-Tech Solutions for Thwarting Drug Diversion
It manages perpetual inventory and chain of custody in real time, automates audit trails, reports anomalies in medication distribution and helps ... «Pharmacy Practice News, Jun 15»
5
Fashionphile LLC
Hemminger developed a perpetual inventory fund concept, where individuals invested money, and the company promised an annual return, ... «San Diego Source, Jun 15»
6
Bibby to expand Euro ops for Kellogg
Filled loads are then returned from the factory to the DC for full inventory management, including perpetual inventory counts and quality ... «Supply Chain Standard, Jun 15»
7
Bibby Distribution to expand European operations with Kellogg
... including perpetual inventory counts and quality inspections. Bibby Distribution then dispatches finished product to the destination markets. «SHD Logistics, Jun 15»
8
RFID and AIDC News: Auburn Cuts Ribbon on New RFID Lab …
Hardgrave, a frequent speaker at industry conferences, often pointed out the very low levels perpetual inventory systems at most retailers, ... «Supply Chain Digest, Jun 15»
9
BJC HealthCare Recognized for Innovation in Supply Chain …
... flexibility to drive end-to-end efficiency and remove process waste, utilizing a perpetual inventory environment with radio frequency identifier, ... «STLtoday.com, May 15»
10
Fed says US wealth inequality hasn't increased quite as much as …
In the aggregate FA data, the housing stock is valued using a perpetual inventory that involves new investment, depreciation, and a national ... «FT Alphaville, May 15»

REFERENCE
« EDUCALINGO. Perpetual inventory [online]. Available <https://educalingo.com/en/dic-en/perpetual-inventory>. May 2024 ».
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