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UP7-1 (Inventory and internal controls) You are a consultant who helps new entrepreneurs set up their accounting systems. You are frequently asked the following questions
UP7-1(Inventory and internal controls)
You are a consultant who helps new entrepreneurs set up their accounting systems. You are frequently asked the following questions about inventory:
- What are internal controls?
- Why do I need to implement internal controls for inventory?
- What are some commonly used internal controls related to inventory?
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What is your response to these questions?
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