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Which of the following internal controls most likely would be used to maintain accurate inventory records?
Periodic inventory counts are used to adjust the perpetual inventory records.
Why is this answer choice correct? If you’re using perpetual inventory, isn’t information always up to date? Why does periodic inventory come into effect for perpetual inventory to be accurate?
AUD - 92
BEC - NINJA in Training
FAR - 90
REG - 88If you think you failed, you passed.
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