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Accounting for IGCSE & O level - Final Statements (Section 2 - No. 43)

Under a perpetual inventory system, what is the best way to find out the inventory on hand?
A physical count
Subtract the amount sold from the start inventory
Look at the inventory records
It depends on the kind of inventory being handled.

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A perpetual system always tracks the inventory, so the best way is to view the records.

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