For companies that use a perpetual inventory system, all of the following are purposes for taking a physical inventory except to determine ownership of the goods. to check the accuracy of the records. to determine the amount of wasted raw materials. to determine losses due to employee theft.

Question

Business

Candy

5 January, 07:00

For companies that use a perpetual inventory system, all of the following are purposes for taking a physical inventory except to determine ownership of the goods. to check the accuracy of the records. to determine the amount of wasted raw materials. to determine losses due to employee theft.

+2

Answers (1)

Know the Answer?

Charlie Lyons · Answer 1

except to determine ownership of the goods.

Explanation:

All the others are purposes of taking physical inventory in perpetual inventory system except "to determine ownership of the goods". There is a stage in the life of a transaction where the transfer of ownership occurs making this choice irrelevant.