Since a Perpetual Inventory System Continuously Updates the Inventory Account,a

question 102

True/False

Since a perpetual inventory system continuously updates the inventory account,a physical inventory count is not necessary to prove the inventory records.

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Definitions:

Line

In geometry, a line is an infinitely extending one-dimensional figure that has no thickness and extends forever in both directions.

Projected Number

An estimate or forecast of a future number based on current trends or data.

Rises

Moves upwards or increases in value or intensity.

Horizontal

Refers to something that is parallel to the ground or the horizon.