Which of the Following Statements Regarding Inventory Counts Is Not

Which of the following statements regarding inventory counts is not true?

A) Companies need to perform a physical count of their inventory at least yearly regardless of which inventory system is being used.
B) A perpetual inventory system does not require a physical count during the accounting period to determine cost of goods sold.
C) In a perpetual inventory system,the inventory count is compared to the inventory account balance to reveal shrinkage.
D) If a company uses a perpetual inventory system and the inventory count at the end of the accounting period is greater than the balance in the inventory ledger account,there must have been shrinkage.