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periodic inventory. In DICTIOUS you will not only get to know all the dictionary meanings for the word
periodic inventory, but we will also tell you about its etymology, its characteristics and you will know how to say
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English
Noun
periodic inventory
- (accounting) A system of assessing a business' inventory in which updates are made on a periodic basis, so that a completely accurate account is only available immediately after the update.
- Coordinate term: perpetual inventory
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