An inventory roll back is required when inventory is counted prior to the end of the year.

Name: An inventory roll back is required when inventory is counted prior to the end of the year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An inventory roll back is not necessarily required just because inventory is counted before the end of the year. It depends on the accounting method and the company's policies for inventory management and financial reporting.

An Inventory Roll Back Is Required When Inventory Is Counted