Why do companies that use perpetual inventory systems also take an annual physical inventory? When is this

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Why do companies that use perpetual inventory systems also take an annual physical inventory? When is this physical inventory usually taken? Why?

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Jun 10, 2016 05:14 AM

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Why do companies that use perpetual inventory systems also take an annual physical inventory? When is this

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The primary reason for taking a physical inventory is to adjust the perpetual inven...View the full answer

Financial and Managerial Accounting the basis for business decisions

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