Exam 14

Which statement is false ? No matter whether a periode or perpetual inventory system is used, at compress need to determine inventory at the each according priod comparises that use a perpertual inventory system must take a physical inventory to determine inventory on hand on the balance sheet drive and to determine cost of goods and the according period taking a physical inventory indrives actually counting writing. Weighing or measuring each kind of inventory on hand An inventory count is generally more accurate when goods are not being sold or received during in counting