When perpetual inventory concepts are utilized, a physical inventory count to determine the quantity of inventory on hand is not required.

Name: When perpetual inventory concepts are utilized, a physical inventory count to determine the quantity of inventory on hand is not required.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Perpetual inventory systems require continuous tracking of inventory levels, but a physical inventory count is typically still required periodically to verify accuracy and make any necessary adjustments.

When Perpetual Inventory Concepts Are Utilized, a Physical Inventory Count