Final answer:
In perpetual inventory systems, physical counts of inventory may not be necessary due to real-time updates, but occasional physical counts are still conducted to verify accuracy.
Step-by-step explanation:
In perpetual inventory systems, inventory is continuously updated in real-time using computerized systems. This means that physical counts of inventory are not always necessary because the system keeps track of inventory quantities.
However, even in perpetual inventory systems, occasional physical counts of inventory are still conducted to verify the accuracy of the system and detect any discrepancies or theft. These physical counts are typically done on a periodic basis, such as annually or quarterly.
Overall, while physical counts are not required on a regular basis in perpetual inventory systems, they are still performed periodically to ensure the accuracy of the system.