Cycle counting:
A) is a process by which inventory records are verified once a year.
B) eliminates annual inventory adjustments.
C) provides a measure of inventory turnover.
D) assumes that all inventory records must be verified with the same frequency.
E) assumes that the most frequently used items must be counted more frequently.

Question

Quizplus · Accepted Answer

The Answer of Cycle counting:
A) is a process by which inventory records are verified once a year.
B) eliminates annual inventory adjustments.
C) provides a measure of inventory turnover.
D) assumes that all inventory records must be verified with the same frequency.
E) assumes that the most frequently used items must be counted more frequently.

Cycle Counting