At the end of each month, when the physical inventory of each item is taken, the physical inventory should match the _____.
A) profit and loss statement
B) perpetual inventory
C) monthly food cost report
D) inventory recapitulation form

Question

Quizplus · Accepted Answer

The perpetual inventory is a continuously updated record of inventory levels and should reflect the actual physical inventory count at the end of the month. The profit and loss statement, monthly food cost report, and inventory recapitulation form may provide helpful information, but they do not necessarily indicate whether the physical inventory matches.

At the End of Each Month, When the Physical Inventory