When is a physical inventory usually taken?
A)When goods are not being sold or received.
B)When the company has its greatest amount of inventory.
C)At the end of the company's fiscal year.
D)When the company has its greatest amount of inventory and at the end of the company's fiscal year.

Question

Quizplus · Accepted Answer

A physical inventory is typically taken at the end of the company's fiscal year to ensure accurate financial reporting and inventory management.

When Is a Physical Inventory Usually Taken