Time left 49 50 5 You have recently been hired as a consultant helping young business owners set up their accounting systems. They frecuenoy as you the following questions pertaining to inventory, Answer the questions below in your own words. 1) What are internal controls? (2 marks) 2) Why do I need to implement internal controis for inventory? (2 marks) 3) What are some commonly used internal controls related to inventory (2 marks) A- B