Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The master inventory file, contained on a removable magnetic disk, was destroyed by a small fire next to the area where it was stored. The

The master inventory file, contained on a removable magnetic disk, was destroyed by a small fire next to the area where it was stored. The company had to take a special complete inventory in order to reestablish the file. The best control procedure would be:

a. fire insurance

b. data processing insurance

c. a copy of the disk

d.Remote storage of a copy of the disk and the transactions since the disk was copied

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions