An Entity's Physical Count of Inventories Was Higher Than the Inventory

question 49

Multiple Choice

An entity's physical count of inventories was higher than the inventory quantities per the perpetual records. This situation could be the result of the failure to record:

• A)sales.
• B)sales discounts.
• C)purchases.
• D)purchase returns.

---

Definitions:

Electronic Brainstorming

A creative group problem-solving technique that uses electronic devices to gather ideas from participants simultaneously and anonymously.

Traditional Brainstorming

A creative problem-solving technique that involves generating a large number of ideas in a group setting, without immediate criticism.

Piggybacking

The act of attaching or linking something to an already existing system or process for an additional benefit or gain.

Groupthinking

A psychological phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.