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When are you relieved of responsibility for the equipment on the inventory listing?
When the new replacement EC and unit commander sign the updated inventory listing. Unless there is an ongoing ROS
What is a inventory map?
An inventory map is a detailed list of locations for parts used in production. The map tells what a part is, what it is used for, and the location of the part in the warehouse.
After the physical inventory is complete?
the accuracy of the inventory summary sheets is checked by the person listing the quantities on the sheets.
What part of the elements of financial statements does inventory bleong to?
Inventory is part of Balance sheet as well as income statement. Inventory is shown as an asset in balance sheet and as an expense when used in income statement.
What is the nature and process of listing?
Listing refers to the act of adding an item to a list or inventory. The process involves identifying the item, gathering relevant information about it, and recording it in a systematic manner. Listings can be used for various purposes such as organization, tracking, or marketing.
What is Spare part?
Hi..spare part is parts or item of inventory that is used for the repair or replacement for a vehicle. its called spare part.
What should you do if corrections need to be made on the inventory?
Annotate changes in red on the listing. After physically locating all items listed on the inventory have the BECO make any changes required.
What effect would occur on the inventory if the wrong part numbers were used when recording parts on a repair statement?
The inventory count for at least 2 parts would be incorrect
What effects would occur on the inventory if the wrong part numbers were used when recording parts on a repair statement?
The inventory count for at least 2 parts would be incorrect
An account used in the perpetual inventory system that is not used in the periodic inventory system is?
Purchases
Which subsidiary journal is used to record the inventory at the end of the year?
The subsidiary journal used to record inventory at the end of the year is the Inventory Adjustment journal. This journal is used to update the inventory records to reflect the actual quantity and value of inventory at the year-end.
Which printer technology is often used to print multi-part forms?
A dot-matrix or a daisy wheel printer is used to print on multi-part forms and listing paper. Such printers are known as impart printers.
