Possible cause of book-to-physical differences


Which of the following is least likely to be a possible cause of book-to-physical differences in inventory quantities?

a) Inventory cutoff errors.

b) Misapplication of LIFO.

c) Unreported scrap or spoilage.

d) Theft.

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Accounting Basics: Possible cause of book-to-physical differences
Reference No:- TGS0522198

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