The Internal Control Process of Separating the Custody of Inventory

question 53

Multiple Choice

The internal control process of separating the custody of inventory from the accounts payable record keeping will help to minimize the risk of:

• A)Fictitious purchases
• B)Invalid vendors
• C)Duplicate purchases
• D)Incorrect amounts

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The basic unit of storage in computer memory, typically consisting of 8 bits, used to store a single character or a small amount of data.

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