In the given statement the physical count of inventory is used to adjust the inventory account balance to the actual inventory available is true.
A physical inventory count is an organized way to deal with counting an organization's stock where staff utilizes a foreordained technique to counting the merchandise.
Organizations plan an actual stock count toward the finish of a revealing period. The actual count is utilized to change the Inventory account equilibrium to the genuine stock accessible.
The actual count is utilized to decide whether there has been any robbery, misfortune, harm, or blunders in stock.
An actual stock count ought to be performed no less than one time each year, yet more successive checks can be valuable.
By checking your stock occasionally, you should rest assured your stock matches what is in your records. You'll likewise have the option to recognize any issues in your record-keeping techniques.
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