Under the Perpetual Inventory System an Inventory Variance Can Be

question 54

Multiple Choice

Under the perpetual inventory system an inventory variance can be calculated as the difference between:

• A) the total purchases for the period and the ending inventory balance.
• B) beginning inventory less ending inventory.
• C) the balance of the inventory account in the ledger and the total of the physical stocktake.
• D) None of these options. An inventory loss cannot be calculated using the perpetual inventory system.

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Definitions:

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A specialist in dietetics who assesses an individual's dietary habits and nutritional status, and offers personalized advice for health improvement and disease prevention.

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A polite word or sign of welcome or recognition.

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A person who receives professional services, guidance, or advice from a consultant, therapist, or any professional in a specific field.

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