An important procedure for the conduct of a physical inventory count is to maintain control over the count systems. Which of the following is not a common count system?
A) use of pre-printed inventory count sheets.
B) use of blank inventory tags.
C) use of blank, pre-numbered inventory count sheets.
D) use of pre-numbered three-part inventory tags.

Question

Quizplus · Accepted Answer

The use of blank inventory tags is not a common count system because it lacks pre-numbering, which is essential for maintaining control and ensuring that all items are counted and that there are no duplicates or omissions. Pre-numbering (as in options A, C, and D) helps in tracking and reconciling inventory items during the count.

An Important Procedure for the Conduct of a Physical Inventory