Question

List the required inventory documents MEMO will file and maintain upon completion of all required actions?

A) IADs, BO Reports, and Custodian Signatures
B) Loss Reports, Acquisition Records, and Serial Numbers
C) IADs, Physical Inventory Sheets, and Loss Reports
D) BO Reports, Physical Inventory Sheets, and Acquisition Records

Answer 1

The required inventory documents MEMO will file and maintain upon completion of all required actions are IADs, Physical Inventory Sheets, and Loss Reports.

Step-by-step explanation:

The correct answer to the question, 'List the required inventory documents MEMO will file and maintain upon completion of all required actions?' is C) IADs, Physical Inventory Sheets, and Loss Reports. This encompasses the documents necessary for accurately maintaining records of inventory status and changes. IADs or Issue Adjustment Documents, are used to adjust stock levels due to issues such as discrepancies found during inventory. Physical Inventory Sheets are essential for recording the actual count of items on hand during a physical inventory check. Lastly, Loss Reports are filed in the event of any lost inventory, documenting the details of the loss for accountability and insurance purposes.