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Hello
In Equestrian Co (J17) question, there is a deficiency that “Monthly perpetual inventory counts are supposed to be
undertaken at each of the nine warehouses, but some of
these are outstanding.”In its explanation , examiners answer has mentioned that ” In order to rely on inventory records for decision making and
the year-end financial statements, all lines of inventory must
be counted at least once a year, with high value or high
turnover items counted more regularly. If the counts are
outstanding, some goods may not be counted, and the
inventory records may be incorrect”This is too long, if instead of this I write that “If the counts are
outstanding,this may result in
inventory records being incorrect as some goods may not be counted”Would it fine to gain full mark for the explanation?
“If the counts are outstanding,this may result in inventory records being incorrect as some goods may not be counted”. Obviously, if some counts are outstanding it is not that some goods may not have been counted, they will not have been counted.
Better:
“If the counts are outstanding,this may result in inventory records being incorrect as some goods will not have been counted”
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