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Greetings Mr. Moffat!
Here’s a question.
which two of the following are advantages of continuous inventory counting compared with periodic inventory counting.
a. the degree of disruption of an annual inventory count is avoided
b. control over inventory level is improved
c. the balance on the stores ledger account represents the inventory on hand
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In my opinion all of these are correct. But I have to pick only two. So which could be the exclusion.. option a or option b. I am confirm about option c but have doubts in a and b. What are your opinions.
I will appreciate your help regarding this concern.
Thanks and Have a nice day.It is b that is correct. a is not correct because they should still take an actual count at the end of the year in order to confirm that their recording has not had any errors.
Dear tutor!
I cleared my F2 exam today with 77% marks. I am so grateful to you for your free lectures, study material and ESPECIALLY FREE SUPPORT. You just cleared my concept well for multiple time. Thanks again.Thank you for your comment 🙂
That is great news that you passed the exam – especially with such a good mark. Many congratulations and all the best for your next exam.
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