Question

The sheet used to keep a track of the sports equipment inventory is called ____

• A. Note Sheet
• B. Audit Sheet
• C. Balance Sheet
• D. Cash Flow Statement

Hint:

Regular audits of equipment ensure transparency, accountability, and better resource management.

Answer 1

The Correct Option is B

An audit sheet is used to track and verify the inventory of sports equipment. It ensures accountability, keeps a record of available stock, and prevents loss or misuse of resources.
- Option (a): A note sheet is for informal notes or communication.
- Option (c): A balance sheet summarizes financial assets and liabilities.
- Option (d): A cash flow statement tracks cash inflow and outflow.
Thus, an audit sheet is the correct tool for inventory management.