Which of the Following Is Not a True Statement Concerning

Multiple Choice

Which of the following is not a true statement concerning a perpetual inventory system:

A) Physical inventory is counted from time to time primarily to verify the inventory records.
B) Detailed subsidiary records are maintained and the inventory account is a control account.
C) Information concerning the physical quantity of goods on hand is available from the accounting records at any time.
D) Shrinkage cannot be measured directly.