Stock Take Discrepancies Between a Count Sheet and Recorded Quantities

Multiple Choice

Stock take discrepancies between a count sheet and recorded quantities in the ledger may arise due to which of the following: I. Stock in transit purchased under FOB destination terms
II. Consignment stock included in the physical count by the consignee
III. Sales returns not being processed into the ledger
IV. Theft of stock during the year

A) I, II and III
B) I, III and IV
C) II, III and IV
D) I, II and IV