Question: 26
(Choose 1 answer)
Which statement is TRUE about Inventory Control?
A. To account for the cost of housekeeping operating assets used, physical inventories are conducted regularly.
B. The purpose of taking physical inventories is to find out what amounts of items are on hand and to work out its current market price.C. The cost of items used are expensed against the revenue produced for the same period of time. The percentages obtained are then compared to the amounts budgeted.
D. All above answers are correct
