Few companies take a physical count of inventory each year, and rely on inventory records to determine the amount of inventory on hand at the end of the year.

Name: Few companies take a physical count of inventory each year, and rely on inventory records to determine the amount of inventory on hand at the end of the year.
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Question

Quizplus · Accepted Answer

Many companies conduct a physical count of inventory at least once a year to verify the accuracy of their inventory records and ensure proper financial reporting.

Few Companies Take a Physical Count of Inventory Each Year