Question: 1 points Item 14 Companies using a perpetual inventory system: Multiple Choice still need to count the physical inventory occasionally. never physically count their inventory.

1 points Item 14 Companies using a perpetual inventory system: Multiple Choice still need to count the physical inventory occasionally. never physically count their inventory. always know the actual amount in inventory from their accounting records. must physically count their inventory at least once a week.

Step by Step Solution

3.43 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The answer is still need to count the physical inventory occasionally Heres why A ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!