Why is it important to periodically take a physical inventory when using a perpetual inventory system?

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: May 07, 2012 04:48 AM

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Why is it important to periodically take a physical inventory when using a perpetual inventory system?

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