Taking a Physical Count of Inventory

question 67

Multiple Choice

Taking a physical count of inventory

• A) is not necessary when a periodic inventory system is used
• B) should be done near year-end
• C) has no internal control relevance
• D) is not necessary when a perpetual inventory system is used

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Definitions:

Ganglion Cells

Specialized neurons located in the retina that play a critical role in processing visual information.

Axons

Long, slender projections of nerve cells that conduct electrical impulses away from the neuron's cell body, facilitating communication between neurons.

Bundles

Collections or groups of items or services packaged together.

Fovea

A tiny pit located in the macula of the retina that provides the clearest vision of detail by containing the highest concentration of cones, the photoreceptors responsible for color vision.