Multiple Choice
Taking a physical count of inventory
A) is not necessary when a periodic inventory system is used
B) should be dine near year-end
C) has no internal control relevance
D) is not necessary when a perpetual inventory system is used
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: Most large companies will use only one
Q86: One effect of carrying too much inventory
Q90: If the cost of an item of
Q91: Complete the following table using the perpetual
Q94: The following data were taken from the
Q96: A business using the retail method of
Q97: The inventory data for an item for
Q98: Under a perpetual inventory system, the amount
Q100: While taking a physical inventory, a company
Q138: Under the LIFO inventory costing method, the