问题：Which one of the following statements about the use of a continuous inventory system is INCORRECT?
A. Both the FIFO and average cost (AVCO) methods of pricing inventory may be used within a continuous inventory system.
B. Under continuous inventory, the cost of each receipt of inventory and the cost of each issue from inventory is recorded individually.
C. In a retail organisation, a continuous inventory system can be used to keep track of the quantity of each stock item available in its distribution centres.
D. A continuous inventory system removes the need for periodic physical inventory counts.
答案：The correct answer is: A continuous inventory system removes the need for periodic physical inventory counts.
解析：Continuous inventory in theory should remove the need for physical inventory counts, but in practice periodic counts are needed to ensure that the recorded quantities of inventory match the physical quantities that are held (and, for example, there have not been significant losses of inventory due to theft).
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