although the perpetual inventory system updates accounting records after each sale, a physical count is…
although the perpetual inventory system updates accounting records after each sale, a physical count is necessary at year - end to address issues such as ______ and\n\no customer theft; spoilage.\no failing to meet sales goals; employee discounts.\no management performance; inventory records systems.\no management performance; employee discounts.
Answer
Brief Explanations:
In a perpetual inventory system, physical counts at year - end are needed to account for losses due to customer theft and spoilage which may not be accurately reflected in the continuous record - keeping. Customer theft reduces the actual inventory quantity, and spoilage makes some inventory items unsellable. These are real - world factors that can cause discrepancies between recorded and actual inventory levels.
Answer:
A. customer theft; spoilage.