Song Yee wonders why a physical inventory count is necessary in a perpetual inventory system. After all,

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Song Yee wonders why a physical inventory count is necessary in a perpetual inventory system. After all, the accounting records show how much inventory is on hand. Explain why a physical inventory count is required in a perpetual inventory system.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 09:56 AM

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Song Yee wonders why a physical inventory count is necessary in a perpetual inventory system. After all,

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A physical count is an important control feature By us...View the full answer

Financial Accounting Tools for Business Decision Making

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