Question：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.
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).
高顿网校温馨提醒
各位考生，2015年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的
ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。
戳这里进入ACCA免费题库>>>
写评论
