Companies Have the Choice of Physically Counting Inventory on Hand

question 185

True/False

Companies have the choice of physically counting inventory on hand at the end of the year or using the gross profit method to estimate the ending inventory.

---

Definitions:

Back-end Database

A back-end database is a database that is designed to run in the background, typically on a server, to store, manage, and facilitate access to data for front-end applications.

One Copy

Designates a single instance or printing of a document or file.

Access Options

Settings and configurations within Microsoft Access that allow users to customize the application's behavior, appearance, and database handling features.

Startup Options

Settings that determine what happens when a program is launched, including which windows or files open by default.