To ensure the accuracy of the inventory during a physical inventory count,
A)the employee is required to count all items twice for the sake of verification.
B)the items counted are compared to the inventory account balance.
C)a second employee or auditor counts the inventory and compares the result to the count made by the first employee.
D)pre-numbered inventory tags need not be used.

Question

Quizplus · Accepted Answer

Having a second employee or auditor count the inventory and compare the result to the count made by the first employee is the best way to ensure accuracy. This provides an additional layer of verification and reduces the likelihood of errors or fraud. Counting items twice or using pre-numbered inventory tags may also be helpful, but they are not as effective as having a second person perform the count. Additionally, comparing the items counted to the inventory account balance is important, but it does not necessarily ensure that all items have been counted accurately.

To Ensure the Accuracy of the Inventory During a Physical