Even though the records of stock are updated frequently under the Perpetual Inventory approach, a physical count is still necessary to address C : customer theft and spoilage.
The Perpetual Inventory System ensures that there are lower issues with stock accounting because stock changes are recorded after every sale.
A physical count is still needed however to ensure that the stock that is recorded is the same as the actual stock. It might not be the same due to:
In conclusion, physical verification of stock is important to find instances of spoilage and theft.
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Options for this question include:
A : management performance; inventory records systems.
B : failing to meet sales goals; employee discounts.
C : customer theft; spoilage.
D : management performance; employee discounts.
