Assuming that the quantities of inventory on hand during the current year were sufficient to meet all demands for sales, a decre
ase in the inventory turnover for the current year when compared with the turnover for the preceding year indicates an improvement in inventory management.True / False.
Bookkeeping is related to the recording measuring, and finding the financial data of a company and Accounting is the process where in the company's financial data is summarized, and a report is prepared for the same.
