Companies using a perpetual inventory system:
A) never physically count their inventory.
B) must count their inventory at least once a week.
C) still need to count the inventory at the end of the period.
D) always know the actual amount in inventory from their accounting records.

Question

Quizplus · Accepted Answer

Even with a perpetual inventory system, companies need to physically count inventory periodically to verify the accuracy of their records and account for discrepancies such as theft, loss, or damage.

Companies Using a Perpetual Inventory System