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In bpp kit question 41′ Misti Read’ (6/07) , part (a) says : explain the advantages of using perpetual inventory system and in answer the first point is ‘ allows a year end count to be avoided as inventory is counted throughout the year ‘
and in june 2010 question 1 examiner pami bahl asks ‘ list and explain suitable controls over perpetual inventory system to ensure completeness and accuracy of existing records’ . and in her answer she lists and explains controls over inventory counts .
my question is ACCA really having cash-flow problems
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