The inventory and warehousing cycle can be thought of as having two separate but closely related systems, one involving the actual physical flow of goods, and the other the:
A) related documentation.
B) storage of the goods.
C) internal control over those goods.
D) prevention of waste, obsolescence, and theft.

Question

Quizplus · Accepted Answer

The first system in the inventory and warehousing cycle deals with the physical flow of goods, while the second system involves the related documentation, such as purchase orders, receiving reports, and inventory records. This documentation is essential for tracking the movement of goods and maintaining accurate inventory levels.

The Inventory and Warehousing Cycle Can Be Thought of as Having