Taking a physical count of inventory a.is not necessary when a periodic inventory system is used b.should be done near year-end c.has no internal control relevance d.is not necessary when a perpetual inventory system is used
Taking a physical count of inventory a.is not necessary when a periodic inventory system is used b.should be done near year-end c.has no internal control relevance d.is not necessary when a perpetual inventory system is used
Chapter10: Inventory
Section: Chapter Questions
Problem 11MC: Which of the following describes features of a perpetual inventory system? A. Technology is normally...
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Taking a physical count of inventory
a.is not necessary when a periodic inventory system is usedb.should be done near year-endc.has no internal control relevanced.is not necessary when a perpetual inventory system is used
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