Neptune Stores uses a perpetual inventory system and has just completed its annual physical inventory count. The

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Neptune Stores uses a perpetual inventory system and has just completed its annual physical inventory count. The accountant determines that the physical inventory count is higher than the accounting records. How could this be possible and what adjustment should be recorded, if any?
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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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