Taking an actual count of products in storage is termed a _____________ inventory.
A) perpetual
B) rotating
C) physical
D) beginning

Question

Quizplus · Accepted Answer

A physical inventory involves physically counting the products in storage to determine the actual quantity on hand. Perpetual inventory involves continuous tracking of inventory levels through the use of software, while rotating inventory involves regularly changing the location or sequence of products. Beginning inventory refers to the amount of inventory on hand at the start of a period, such as a fiscal year.

Taking an Actual Count of Products in Storage Is Termed