Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
All of the following are examples of strong internal control when counting inventory except a
All of the following are examples of strong internal control when counting inventory except
a. prenumbered inventory tags should be used.
b. the inventory clerk should control all of the inventory count sheets.
c. the counting should be done by employees who are not responsible for d.either custody of the inventory or keeping inventory records.
Expert Solution
The correct answer is B
Step-by-step explanation
Internal controls are those controls which balances and checks to prevent the losses as well as errors in business. Good controls of inventory prevent the misstatements and losses while managing the levels of inventory.
The example of internal control while counting the inventory are:
1.Tag all the inventory- Every Inventory in the warehouse need to be identified with the tag, that state stage description, quantity and unit of measure.
2.Counting all the inventory- The Inventory should be counted by the employee who is not responsible for.
3.Inspect the inventory- The Inventory should be be inspected by the another employee or the auditor.
Therefore, the correct option is B
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
