Cycle counting: assumes that the most frequently used items must be counted more frequently. is a process by which inventory records are verified once a year. eliminates annual inventory adjustments. provides a measure of inventory turnover. assumes that all inventory records must be verified with the same frequency.

A - is a process by which inventory records are verified once a year

Explanation:

Cycle counting involves counting a small amount ofinventory each day, with the intent of cycling through the entire inventory on an ongoing basis. Any errors found during these small incremental counts should result in an adjustment to the inventory accounting records.