Which of the Following Is the Simplest and Most Widely

question 61

Multiple Choice

Which of the following is the simplest and most widely used method of inventory control?

• A) computer system
• B) want book system
• C) point-of-sale master
• D) perpetual inventory system

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Definitions:

Ordinary Shares

Equity shares that represent ownership in a company and give the holder voting rights and a share in the company’s profits through dividends.

Dividends Distributed

Payments made by a corporation to its shareholders, usually derived from the company's earnings.

AASB 9

The Australian Accounting Standards Board standard on Financial Instruments, outlining the requirements for recognizing and measuring financial assets and liabilities.

Fair Value

The amount one would expect to get from selling an asset or the cost to transfer a liability during a regulated transaction involving parties in the market.