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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

The amount of inventory shown on the company books may be different than the physical inventory count. Which of the following is not a reason for this difference?

  1. a. Errors in accounting
  2. b. Shrinkage
  3. c. Shoplifting
  4. d. Errors in receiving merchandise
  5. e. A change in supplier

To determine

Identify which is not a reason for the difference shown on the company books.

Explanation

Justification for the correct answer:

Option e: Since, it is a computer record; a change in supplier is not the reason for the difference...

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