Physical Inventory Count, Ownership of Goods, and Consigned Goods

5. Inventory / Physical Inventory Count, Ownership of Goods, and Consigned Goods / Problem 9

Problem 9

A company using a perpetual inventory system discovers a discrepancy between the physical count and the inventory records. What could be a possible reason for this discrepancy?

Delayed purchase orders.

Incorrect sales records.

Inaccurate supplier invoices.

Theft or loss of inventory.