Multiple Choice
Which of the following is an internal control weakness for a company whose inventory of supplies consists of a large number of individual items?
A) Supplies of relatively little value are expensed when purchased.
B) The cycle basis is used for physical counts.
C) The warehouse manager is responsible for maintenance of perpetual inventory records.
D) Perpetual inventory records are maintained only for items of significant value.
Correct Answer:
Verified
Correct Answer:
Verified
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