Why is a physical count of inventory necessary in a periodic inventory system? Why is it still

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Why is a physical count of inventory necessary in a periodic inventory system? Why is it still necessary in a perpetual inventory system?

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Nov 02, 2015 05:38 AM

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Why is a physical count of inventory necessary in a periodic inventory system? Why is it still

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Fundamentals of Financial Accounting

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