A physical inventory count is not required when a computerized perpetual inventory system is maintained by a business.

Question

Quizplus · Accepted Answer

While a computerized perpetual inventory system keeps track of inventory levels and transactions, it is still important to conduct periodic physical inventory counts to ensure the accuracy of the system and to identify any discrepancies or losses. These counts can also help to identify any issues with theft or improper stock management.

A Physical Inventory Count Is Not Required When a Computerized