menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Accounting Study Set 1
  4. Exam
    Exam 8: Cash and Internal Control
  5. Question
    Under a Perpetual Inventory System,is It Necessary to Take a Physical
Solved

Under a Perpetual Inventory System,is It Necessary to Take a Physical

Question 103

Question 103

Essay

Under a perpetual inventory system,is it necessary to take a physical inventory at the end of the period? Why or why not?

Correct Answer:

verifed

Verified

A physical inventory must be taken to de...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q98: One of the best ways to control

Q99: When a company makes payment for goods

Q100: In a small business,active involvement by the

Q101: Explain management's responsibility as it pertains to

Q102: A result of a separation of duties

Q104: The use of prenumbered documents is important

Q105: Bonding provides a guarantee against theft.

Q106: In the financial statements,the balance of the

Q107: A check authorization is a document that

Q108: The use of a cash register would

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines