A physical count of inventory on hand is known as:

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Quizplus · Accepted Answer

A stocktake involves physically counting the inventory on hand to determine its quantity and condition. The other options are not related to the process of physically counting inventory. The perpetual inventory method is a system where inventory levels are updated continuously in real time as goods are bought or sold. Realisable value refers to the expected amount of money that could be received for an asset if it were sold in the current market, and average cost is a method of determining the value of inventory based on the average price paid for each unit.

A Physical Count of Inventory on Hand Is Known As