Stock Take Discrepancies Between a Count Sheet and Recorded Quantities

question 9

Multiple Choice

Stock take discrepancies between a count sheet and recorded quantities in the ledger may arise due to which of the following: I. Stock in transit purchased under FOB destination terms
II. Consignment stock included in the physical count by the consignee
III. Sales returns not being processed into the ledger
IV. Theft of stock during the year

• A) I, II and III
• B) I, III and IV
• C) II, III and IV
• D) I, II and IV

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Definitions:

Influencer

An individual with a significant following on social media or other platforms, whose opinions and actions can affect the buying habits or views of their audience.

Audio Equipment

Devices and systems used for producing, recording, and reproducing sound, including microphones, speakers, and amplifiers.

Consultative

A sales approach where the salesperson acts as an advisor, seeking to understand the customer's needs and recommending products that meet those needs.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business or organization.