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Continuous stock taking is a part of ________.
- Aannual stock taking
- Bperpetual inventory
- CABC analysis
- DVED analysis
Correct answer: B
Discussion 1
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perpetual inventory
Continuous stock taking is a part of perpetual inventory. Perpetual inventory is a method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Continuous stock taking is a part of perpetual inventory. Perpetual inventory is a method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.