If inventory errors correct themselves, why be concerned when such errors are made?

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Mar 08, 2016 07:54 AM

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Explain the following statement: Inventory errors correct themselves.
Explain the following statement: Inventory errors correct themselves.
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If inventory errors correct themselves, why be concerned when such errors are made?

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Fundamental Accounting Principles

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