When a perpetual inventory system is used,a physical inventory should be taken at least monthly.

Name: When a perpetual inventory system is used,a physical inventory should be taken at least monthly.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a perpetual inventory system is used, inventory levels are always kept up to date in real time using technology, eliminating the need for physical inventory as frequently as monthly. Instead, physical inventory may be taken annually or on an as-needed basis for auditing or other purposes.

When a Perpetual Inventory System Is Used,a Physical Inventory Should