The accuracy of perpetual inventory records may be established, in part, by comparing entries on the perpetual records with details from:
A) receiving reports.
B) purchase requisitions.
C) vendor payments.
D) purchase orders.

Question

Quizplus · Accepted Answer

Receiving reports provide details of the actual inventory received, which can be compared with the perpetual inventory records to verify their accuracy.

The Accuracy of Perpetual Inventory Records May Be Established, in Part