What type of inventory reflects an actual count of all goods on hand at the end of the accounting period?

The correct answer is indeed associated with an inventory system that emphasizes the actual count of goods available. A physical inventory is conducted to determine the accurate quantity of items on hand at the closing of an accounting period, providing a thorough snapshot of stock levels. This method is typically performed periodically, often at the end of the fiscal year or during specific intervals for accurate financial reporting.

In contrast, a perpetual inventory system maintains a continuous record of inventory that updates with each transaction, allowing for real-time tracking but not necessarily capturing the exact physical count at a specific moment unless verified through a physical count. Par stock refers to maintaining items at a predetermined level, ensuring availability without directly quantifying actual stock at the end of a period. ABC inventory is an inventory categorization technique that sorts inventory based on value and turnover rates rather than providing a direct count of goods on hand.