The Internal Control Process That Requires Purchase Records to Be

question 54

Multiple Choice

The internal control process that requires purchase records to be matched and verified for item descriptions, quantities, dates, authorized prices, and mathematical accuracy, will help to minimize the risk of:

• A)Stolen goods
• B)Omitted transactions
• C)Invalid purchases
• D)Incorrect accumulation

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Definitions:

Annelids

A phylum of invertebrate worms characterized by their segmented bodies, including earthworms, leeches, and polychaetes.

Cnidarians

A phylum of aquatic invertebrates known for their distinctive body plan featuring a single, central cavity and stinging cells.

Coelom

A body cavity in certain animals, including humans, that is lined by an epithelial layer derived from mesoderm, providing space for the development of internal organs.

Bilateral Animals

Animals that possess bilateral symmetry, having a body plan in which the left and right sides mirror each other.