When a Count of Merchandise Inventory Is Taken for the Purpose

question 127

Short Answer

When a count of merchandise inventory is taken for the purpose of reconciling goods actually on hand to the inventory control account in the general ledger it is known as taking a(n)________________.

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Definitions:

Composite Scores

Aggregated scores derived from combining individual scores from multiple assessments or tests to provide a summary score.

O*NET

An online database tool sponsored by the U.S. Department of Labor, providing detailed descriptions of the world of work for use by job seekers, workforce development, and HR professionals.

Dominance

The state or condition of having power, authority, or influence over others.