A physical counting process performed to verify inventory levels and audit the accuracy of inventory records is known as
A)an inventory consultation
B)Pareto's Rule
C)an ABC analysis
D)a cycle count

Question

Quizplus · Accepted Answer

A cycle count is a process where inventory is counted on a regular basis to ensure accuracy in inventory records, rather than doing a full inventory count all at once. This helps in maintaining accurate inventory levels and auditing the accuracy of inventory records.

A Physical Counting Process Performed to Verify Inventory Levels and Audit