Under the perpetual system,a difference with the stocktake records might indicate:
A)damaged inventory.
B)theft of inventory.
C)obsolete inventory.
D)all of the given answers.

Question

Quizplus · Accepted Answer

Under the perpetual system, a difference with the stocktake records might indicate any or all of the given answers - damaged inventory, theft of inventory, or obsolete inventory. The perpetual inventory system maintains a continuous record of inventory balances to promptly identify any discrepancies between the physical count of inventory on hand and the perpetual inventory balance. Any differences could potentially be due to any of the reasons mentioned.

Under the Perpetual System,a Difference with the Stocktake Records Might