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Inventory Systems

Welcome to Inventory Systems!

Definition and Explanation of Stock Systems

What is the Perpetual Stock System (Continuous System)?

What is the Periodic Stock System and why do some businesses use it?

Quiz: Spot the system from real-life shop scenarios

Quick check: Key terms you must know (inventory, cost of sales, stock count)

Knowledge of the Advantages and Disadvantages

Perpetual vs Periodic: Advantages you can explain to a small retailer

Perpetual vs Periodic: Disadvantages and common pitfalls to avoid

Quiz: Match each business type with the best inventory system

Quiz: True or False—advantages and disadvantages in context

Quiz: Quick scenarios—choose periodic or perpetual and justify

Recording of Transactions Using the Periodic Stock System in the Journals and Ledgers, Comparing it with the Perpetual Stock System

Journals overview: How entries differ between periodic and perpetual

Hands-on: Record purchases, returns, and carriage under the periodic system

Walkthrough: Cost of sales under periodic vs perpetual at period end

Quiz: Journal entry differences—pick the correct account and side

Quiz: End-of-period adjustments—closing entries for periodic

Quiz: Cost of sales calculation under periodic—practice problems

Comparison of Specific General Ledger Transactions

Ledger contrasts: How purchases, sales, and returns post in each system

Quiz: Post to the correct ledger accounts—periodic vs perpetual

Purchases Account as Opposed to Trading Stock Account

Why periodic uses Purchases and perpetual uses Trading Stock

Quiz: Identify which transactions affect Purchases vs Trading Stock

Opening Stock and Closing Stock Accounts

Opening and Closing Stock: Setting up, adjusting, and transferring

Quiz: Calculate closing stock from a physical count and mark-up data

Quiz: Journal and ledger entries for opening and closing stock

Trading Account

Build the Trading Account: From opening stock to gross profit

Quiz: Prepare a Trading Account using periodic data

Quiz: Compare gross profit under periodic and perpetual for the same data

Quiz: Error spotting—common mistakes in the Trading Account

Course wrap-up and feedback

Capstone quiz: Select and justify the best system for South African business scenarios

Final quiz: Integrated journals, ledgers, and Trading Account challenge

Survey: How confident are you with periodic vs perpetual now?

Survey: Was the pace and language suitable for Grade 11 Accounting?

Survey: What should we improve for South African classroom use?

Mastering Periodic vs Perpetual Inventory for Grade 11 Accounting is a practical, exam-aligned mini-course designed specifically for South African learners. If you’ve ever wondered which inventory system a tuck shop, boutique, or supermarket should use—and how to record each entry correctly—this course makes it simple. You’ll compare the perpetual (continuous) system with the periodic system step-by-step, practice the journals and ledgers you need for tests, and build a Trading Account with confidence. Through bite-size lessons, real-life shop scenarios, and interactive quizzes, you’ll learn key terms like inventory, cost of sales, opening stock, and closing stock; record purchases, returns, and carriage; and complete end-of-period adjustments. You’ll also explore why periodic uses the Purchases account while perpetual updates Trading Stock continuously. By the end, you’ll confidently choose the right system for a given business, calculate gross profit accurately, and avoid the most common mistakes learners make. Whether you’re preparing for exams or need a clear, structured recap for classroom learning, this course gives you the tools, language, and examples that fit the CAPS curriculum and South African context.

Mastering Periodic vs Perpetual Inventory for Grade 11 Accounting

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            <p>Inventory is at the heart of every trading business, from a corner spaza to a national retailer. This course helps you master the two main stock systems you’ll see in Grade 11 Accounting—periodic and perpetual—so you can record transactions correctly, explain choices to real businesses, and build accurate financial statements. You’ll start with a clear course map designed for South African learners, then unpack what each system is, why businesses choose one over the other, and how the choice affects day‑to‑day entries and end‑of‑period results like cost of sales and gross profit.</p>

<p>Across short, focused lessons and plenty of quizzes, you’ll compare advantages and disadvantages in simple language, spot which system fits different types of shops, and practice the actual journal and ledger entries that differ between periodic and perpetual. You’ll learn why the periodic system uses the Purchases account while the perpetual system updates Trading Stock continuously, how to set up and transfer Opening and Closing Stock, and how to build the Trading Account step by step. By the end, the capstone and final integrated quiz will challenge you to choose the best system for South African scenarios and prepare entries all the way to the Trading Account—so you’re confident for tests, exams, and real-life business conversations.</p>
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