Perpetual inventory records need to be compared with actual inventory at regular
intervals.

Name: Perpetual inventory records need to be compared with actual inventory at regular intervals.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Perpetual inventory records rely on continuous tracking and updating, but they still need to be reconciled with physical inventory counts to ensure accuracy and identify discrepancies. This process is typically done on a regular basis, such as monthly or quarterly.

Perpetual Inventory Records Need to Be Compared with Actual Inventory