Which one of the following statements about inventory items is not correct -
A)you will be unable to change the opening value after you finish entering the history
B)you will be unable to change the quantity on hand after you finish entering the history
C)you will be able to change the value and quantity after you finish entering the history
D)linked inventory accounts are not required in order to finish entering the history

Question

Quizplus · Accepted Answer

Once the inventory history has been entered, the opening value and quantity on hand cannot be changed. However, the value and quantity can be adjusted through inventory adjustments or purchases and sales. Additionally, linked inventory accounts are required in order to properly track inventory transactions, so choice D is also incorrect.

Which One of the Following Statements About Inventory Items Is