Companies with perpetual inventories need not take physical inventory counts because inventory amounts are perpetually available.

Name: Companies with perpetual inventories need not take physical inventory counts because inventory amounts are perpetually available.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Even companies with perpetual inventory systems need to take physical inventory counts periodically to verify accuracy and account for discrepancies such as theft, damage, or errors in recording.

Companies with Perpetual Inventories Need Not Take Physical Inventory Counts