Even in a perpetual inventory system,the business must count its inventory at least once in a year.

Name: Even in a perpetual inventory system,the business must count its inventory at least once in a year.
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Quizplus · Accepted Answer

Even though perpetual inventory systems continuously track inventory levels, it is still important to physically count and verify inventory at least once a year to ensure accuracy and identify any discrepancies. This is known as a physical inventory count or stocktake.

Even in a Perpetual Inventory System,the Business Must Count Its