12 of tion Time left 2:28:43 Just Start Tools runs a network of small hardware retail outlets across the state. All sales are made for cash or on credit card and processed through electronic tills. A wide range of goods are stocked by the stores, meaning that the business deals with a large number of suppliers. All goods are purchased on credit with varying terms, depending on the supplier. Invoices are paid by cheque after a package of documents is collated and approved for payment. Ordering of goods and subsequent payments are processed by the central office with delivery direct from supplier to the stores no central warehouse is used. Just Start Tools uses a perpetual stock system and conducts test counts at regular periods throughout the year Required (1) List two controls each for central and local offices? (5 marks) (2) Explain how the stocktake should be audited? (5 marks) A B I == => US x2 x I 5 C