When a perpetual inventory system is used,a physical inventory should be taken at least annually.

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Quizplus · Accepted Answer

In a perpetual inventory system, inventory is continuously updated through the use of transactions recorded in a computer system. However, physical inventory counts are still important to ensure that the recorded inventory matches the actual inventory on hand. Taking a physical inventory at least annually helps to identify any discrepancies and adjust the inventory records accordingly.

When a Perpetual Inventory System Is Used,a Physical Inventory Should