Which of the following documents is not often used for inventory control? Vendor's invoice Sales receipt Receiving report Purchase order With a perpetual inventory system, when should a physical count of inventory be taken? Near year-end Mid-year Never; a physical count is not needed with a perpetual inventory system Weekly

Here is the new question. Unfortunately it did not go over completely last time.  May I please get some help on this practice question

What is the inventory system called that discloses the amount of inventory on hand ONLY at the end of the accounting period when a physical count is taken? Group of answer choices retail physical periodic perpetual

The Inventory module window has journal icons for Select one: O a. inventory sales and inventory purchases b. item assembly and inventory adjustments O c. inventory sales and inventory adjustments O d. all of the above Show Transcribed Text You should use the adjustments journal to record - Select one: O a. adjustments to inventory purchase prices from the supplier as an allowance for damages O b. adjustments to inventory sale prices to customers as an allowance for damages c. adjustments to inventory in stock for damaged goods O d. all of the above

Required information [The following information applies to the questions displayed below.] Nix'lt Company's ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix'lt uses the perpetual inventory system). Merchandise inventory т. Nix, Capital T. Nix, Withdrawals Sales Sales discounts $ 46,800 133,300 7,000 163,600 4,700 $ 4,700 110,400 12,100 41,500 5,000 Sales returns and allowances Cost of goods sold Depreciation expense Salaries expense Miscellaneous expenses A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $44,750.

When a company uses the perpetual inventory system in accounting for its merchandise inventory, which of the following is true?  Multiple Choice  The inventory account is updated after each sale  The inventory account is updated throughout the year as purchases are made.  Cost of goods sold is computed at the end of the accounting period rather than at each sale.  None of the other alternatives are correct  Purchases are recorded in the cost of goods sold account.

Sales/Inventory Cutoff. Your client took a complete physical inventory count under your observation as of December 15 and adjusted the inventory control account (perpetual inventory method) to agree with the physical inventory. After considering the count adjustments as of December 15 and after reviewing the transactions recorded from December 16 to December 31, you are almost ready to accept the inventory balance as fairly stated. However, your review of the sales cutoff as of December 15 and December 31 disclosed the following items not previously considered: Required:What adjusting journal entries, if any, would you make for each of these items? Explain why each adjustment is necessary

Subject - account Please help me.

A retail business like Best Buy experiences some loss of inventory due to shoplifting, employee theft, or errors. The difference between the physical inventory count at the end of the accounting period and the balance of Merchandise Inventory in the accounting records is called ___________. Group of answer choices inventory reduction. inventory theft. inventory loss. inventory shrinkage or inventory shortage.