Which statement best supports accurate inventory during receipt?

• A. Delay updates until the end of the quarter.
• B. Update only after annual audit.
• C. Ignore small variances until next cycle.
• D. Immediately update records to reflect new stock and verify against the requisition.

Answer: (D)

The main idea is that keeping inventory accurate depends on updating records right when goods are received and verifying them against the requisition. When items arrive, you should immediately record the new stock in the inventory system and cross-check what you received with the requisition (and packing list). This quick verification helps catch mismatches, damaged items, or missing quantities right away, so you can resolve discrepancies with the supplier and keep the counts truthful. It also supports accountability and smooth downstream processes like issuing to units or planning buys.

Delaying updates, waiting for audits, or ignoring small variances until later breaks real-time visibility and allows discrepancies to pile up, making stock control unreliable.