When a company uses a perpetual inventory system, why is it still necessary to take a physical

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When a company uses a perpetual inventory system, why is it still necessary to take a physical count or measurement of inventories?

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Question Posted: Feb 17, 2015 08:58 AM

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When a company uses a perpetual inventory system, why is it still necessary to take a physical

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A perpetual inventory system does not eliminate the need for a physical count of i...View the full answer

Intermediate Accounting

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