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makvit [3.9K]
2 years ago
15

An advantage of the fixed-period inventory system is that______.

Business
1 answer:
nadya68 [22]2 years ago
8 0

Answer:

The correct answer is (B)

Explanation:

There are various advantages of fixed inventory stock. The fixed-period stock and inventory framework requires more safety stock than a fixed-amount framework. A stock out can happen during the audit time just as during the lead time.  A significant advantage of fixed period stock is that, there is no physical check of stock when products are withdrawn.It helps to save time and money.

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The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.

<h3>What is the Lead Schedule?</h3>
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  • The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
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To learn more about the Audit working paper refer to:

brainly.com/question/13812517

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