Mastery card

I can explain Physical Inventory

Counting real stock on shelves to verify what the books claim.

Physical inventory is the process of counting, weighing, or measuring goods on hand to verify quantities and support inventory balances and COGS.

Sticky trick

Count at month or year end; investigate variances before adjusting COGS.

Take into the room

In plain English, what is Physical Inventory?

Or start your own 5-word trail from home.