Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is not conducive to effective internal control over inventories? Multiple Choice For all purchases a purchase order should be prepared by
Which of the following is not conducive to effective internal control over inventories?
Multiple Choice
For all purchases a purchase order should be prepared by the department in need of the material.
Perpetual records should be maintained by the accounting department.
Shipping should be independent of the purchasing function.
All goods should be received by the receiving department.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started