Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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.

there should be a second count by another employee or auditor.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management

Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger

5th Edition

357141091, 978-0357141090

More Books

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago