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exis [7]
3 years ago
12

15. Physical counts of inventory: A) Are not necessary under the perpetual system. B) Are necessary to adjust the Inventory acco

unt to the actual inventory available. C) Must be taken at least once a month. D) Requires the use of hand-held portable computers
Business
2 answers:
Naily [24]3 years ago
5 0

Answer: The correct answer is "B. Are necessary to adjust the Inventory account to the actual inventory available."

Explanation: Physical counts of inventory are necessary to adjust the Inventory account to the actual inventory available.

Physical inventory counts are generally performed at the end of an accounting period to adjust the accounting balance to the actual physical amount of inventory as it may differ due to missing, lost, stolen, decreased, etc.

satela [25.4K]3 years ago
5 0

Answer:

The correct answer is B) Are necessary to adjust the Inventory account to the actual inventory available.

Explanation:

Physical counts of inventory are necessary to adjust the inventory account to the actual inventory available. This practice has a lot of benefits as reduced disruption in Operations, reduced errors, more confident buying decisions, saves time and resources, etc

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A cover letter is the professional communication .
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What are some advantages of students being exposed to computer software? (as it relates to Accounting)
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Answer:

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Answer:

under applied by $1,000.

Explanation:

The formula is shown below:

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So, the ending overhead equals to

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Even though Kelly did not actively post the leaked information on social media, Don and the rest of the management team decided
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a.Hate speech

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Would a macroeconomist be interested in how individual consumers respond to an increase in taxes on gasoline?
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