Question
Which of the following is not a goal of a system of internal control over merchandising transactions? Keep credit losses as low as possible. Prevent
Which of the following is not a goal of a system of internal control over merchandising transactions?
| Keep credit losses as low as possible. | |
| Prevent the theft of cash and inventory. |
| Keep the maximum amount of inventory on hand at all times. | |
| Keep enough cash on hand to take advantage of purchase discounts. |
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Accounting What the Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
12th edition
007802529X, 1259969525, 978-1260565492
