Question $3(1$ point$)$

A physical inventory count is

A$)$ not required by Generally Accepted Accounting Principles if the company uses a perpetual inventory system.

B$)$ required by Generally Accepted Accounting Principles regardless of whether

a company has a periodic or perpetual inventory system.

C$)$ normally done at the end of the fiscal year to verify the inventory on the balance sheet.

D$)$ both b and c are correct.