Why is it important to still do a physical count of inventory when using a perpetual accounting system? What would you do if there was no confidence in the inventory count? I think your fellow classmates will benefit from any further elaboration and insight you can offer on this. To help you with this, here is a great supplemental website that has a nice chart on it.

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Requirement 2 Importance of taking physical inventory periodically even when using a perpetual i... View the full answer