A client's physical count of inventories was higher than the inventory quantities shown in the perpetual records.This situation could be the result of the failure to record
A)Sales.
B)Sales discounts.
C)Purchases.
D)Purchase discounts.

Question

Quizplus · Accepted Answer

If the physical count of inventories is higher than the inventory quantities shown in the perpetual records, it means that some purchases might have been omitted from the records. This could be the result of the failure to record purchases. Sales, sales discounts, and purchase discounts are irrelevant in this situation.

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