Author Question: The physical counting of inventory may be performed at which of the following times? (Read 46 times)

ninaj · **on:** Aug 21, 2022

Question 1

The most important part of the observation of inventory is to determine whether
◦ all counts are accurate.
◦ the inventory-takers are qualified.
◦ obsolete inventory has been identified.
◦ the physical count is being taken in accordance with the client's instructions.

Question 2

The physical counting of inventory may be performed at which of the following times?
◦

Interim dates	On a cycle basis during the year
Yes	Yes

◦

Interim dates	On a cycle basis during the year
No	No

◦

Interim dates	On a cycle basis during the year
Yes	No

◦

Interim dates	On a cycle basis during the year
No	Yes

hiyayyay · **Reply #1 on:** Aug 21, 2022

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