Accountıng I Deneme Sınavı Sorusu #1313814
Which of the following best completes the blank in the following statement? "Measure inventory in a timely and accurate manner is critical for ............. since inventory is often one of the largest current assets on a company’s balance sheet"
calculating the maximum cost |
having uninterrupted business operations |
reporting value for inventories on hand |
ending merchandise inventory |
estimating sales values |
Yanıt Açıklaması:
Having the ability to measure inventory in a timely and accurate manner is critical for having uninterrupted business operations since inventory is often one of the largest current assets on a company’s balance sheet. An error in ending merchandise inventory creates a whole string of errors in other related accounts. So, businesses have to perform a physical count of their merchandise inventory at the end of each accounting period to report their inventories with correct values. B is the right answer.
Yorumlar
- 0 Yorum