Taking a physical inventory is not necessary under a perpetual inventory system.

Name: Taking a physical inventory is not necessary under a perpetual inventory system.
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Quizplus · Accepted Answer

Taking a physical inventory is still important under a perpetual inventory system as there may be discrepancies between the recorded inventory and the actual physical inventory. The physical inventory helps to identify any losses from theft, damage or errors in the recording of inventory transactions.

Taking a Physical Inventory Is Not Necessary Under a Perpetual