Which of the following internal control procedures would most likely be used to maintain accurate perpetual inventory

Question:

Which of the following internal control procedures would most likely be used to maintain accurate perpetual inventory records?

a. Independent storeroom count of goods received.

b. Periodic independent comparison of records with goods on hand.

c. Periodic independent reconciliation of control and subsidiary records.

d. Independent matching of purchase orders, receiving reports, and vendors' invoices.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Information Systems

ISBN: 9780130861771

8th Edition

Authors: George H. Bodnar, William S. Hopwood

Question Posted: