An excess of physical inventory over book inventory is usually caused by:

Name: An excess of physical inventory over book inventory is usually caused by:
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Question

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An excess of physical inventory over book inventory suggests that there is more inventory on hand than what is recorded in the accounting books. This could be due to bookkeeping errors, such as failing to record sales or entering incorrect quantities received, rather than factors such as shoplifting, markdowns, employee discounts, or high markups.

An Excess of Physical Inventory Over Book Inventory Is Usually