Which of the Following Is Not a True Statement Concerning

question 49

Multiple Choice

Which of the following is not a true statement concerning a perpetual inventory system:

• A) Physical inventory is counted from time to time primarily to verify the inventory records.
• B) Detailed subsidiary records are maintained and the inventory account is a control account.
• C) Information concerning the physical quantity of goods on hand is available from the accounting records at any time.
• D) Shrinkage cannot be measured directly.

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Definitions:

Volunteer Work

Unpaid tasks or services performed by individuals or groups to benefit their community, a specific group of people, or the environment.

Verbs and Gerunds

Verbs express action or state of being, while gerunds are verbs in their -ing form functioning as nouns in a sentence.

Parallelism

The use of components in a sentence that are grammatically the same or similar in construction, sound, meaning, or meter.

Background Check

The process of looking into a person's or organization's history to verify credentials or assess the reliability and integrity.