The number of inventory units on hand during the year may be determined from the accounting records under a perpetual inventory system; therefore, using this method, it is never necessary to count inventory at the end of the year.

Name: The number of inventory units on hand during the year may be determined from the accounting records under a perpetual inventory system; therefore, using this method, it is never necessary to count inventory at the end of the year.
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Question

Quizplus · Accepted Answer

The Answer is False

The Number of Inventory Units on Hand During the Year