Which of the following is NOT a reason why inventory is a complex accounting and auditing area?
A)Diversity of items in inventory.
B)Low volume of activity.
C)Easily transportable.
D)Difficulty in applying the lower of cost or market principle.

Question

Quizplus · Accepted Answer

Low volume of activity is not a reason why inventory is a complex accounting and auditing area. The other options (A, C, D) are all valid reasons why inventory can be complex, including the variety of items, their portability, and the complexity of applying the lower of cost or market principle.

Which of the Following Is NOT a Reason Why Inventory