A client's physical count of inventory was higher than the inventory per the perpetual records.This situation could be the result of the failure to record:
A)sales discounts.
B)sales.
C)purchase returns.
D)purchases.

Question

Quizplus · Accepted Answer

Failure to record purchases would result in inventory being understated on the perpetual records, causing the physical count to be higher. Sales discounts, sales, and purchase returns would not directly affect the inventory count.

A Client's Physical Count of Inventory Was Higher Than the Inventory