Under system all items held in stores are verified at a given date by an actual count at regular int...........

Costing - Phase (I & II) Basics of Cost Control and Analysis

Under ___________ system all items held in stores are verified at a given date by an actual count at regular intervals of time.

ABC analysis

FNDS analysis

JIT system

Perpetual Inventory Control System

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Explanation:

Under Perpetual Inventory Control System all items held in stores are verified at a given date by an actual count at regular intervals of time. Perpetual inventory control system refers to the method of recording store balance after each receipt and issue to facilitate regular checking and avoiding need for closing factory for stock taking.