Which of the following statements are true about inventory accuracy?
I. Inventory accuracy is essential for planning.
II. It is important to find the cause of record error.
III. Periodic audits of inventory will find the cause of record error.
A) all the above
B) I and II
C) I and III
D) II and III
E) none of the above.

Question

Quizplus · Accepted Answer

Inventory accuracy is crucial for effective planning (I), and identifying the cause of record errors is important to maintain accuracy (II). However, periodic audits may not necessarily find the cause of errors, as they primarily identify discrepancies.

Which of the Following Statements Are True About Inventory Accuracy