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c) d) 5,000 units 10. Continuous inventory taking is: a) the checking of every item of inventory on the last day of every accounting period

c) d) 5,000 units 10. Continuous inventory taking is: a) the checking of every item of inventory on the last day of every accounting period b) recording receipts, issues and resulting balances of individual items as they occur c) counting and valuing selected items of inventory on a rotating basis, checking certain inventory items on each day d)) reviewing and removing on a regular basis items which are no longer required [Total 20 marks]

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