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You're working toward an accounting degree and do the bookkeeping for your parents clothing boutique on the side. Your parents are trying to implement controls
You're working toward an accounting degree and do the bookkeeping for your parents clothing boutique on the side. Your parents are trying to implement controls to deal with theft. You have been asked to provide the sales and inventory figures for the last quarter so they can determine whether the controls they put in place have been effective. Once you provide them with that data, what's the next step in the control process using the 5 major standards quantity, quality,time,costing, and behavior standards?
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