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Inventories and other physical assets should be: Oa, received and counted by the department which initially ordered it. O b. placed in service as soon

Inventories and other physical assets should be: Oa, received and counted by the department which initially ordered it. O b. placed in service as soon as received to maximize profit. O c. received in a central receiving department before being routed to their destination. O d. reconciled and paid for prior to being routed to their destination. QUESTION 14 Every time cash changes hands within a business, it should be: a. audited Ob.counted Oc. rebundled Od. reconciled to sales total

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