The Separation of the Custody of Inventory from the Accounts

question 27

Multiple Choice

The separation of the custody of inventory from the accounts receivable record keeping will help to minimize the related risk of:

• A)Incorrect amounts
• B)Invalid returns
• C)Fictitious customers
• D)Timing issues

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Definitions:

Barbiturates

A class of drugs that act as central nervous system depressants, used as sedatives or sleeping pills but can be addictive.

Amphetamines

Amphetamines are a class of stimulant drugs that increase central nervous system activity, leading to heightened alertness, attention, and energy.

Barbiturates

A class of drugs that are used as sedatives and hypnotics, they can be highly addictive and have been largely replaced by safer alternatives.

Opiates

Opium and its derivatives, such as morphine and heroin; they depress neural activity, temporarily lessening pain and anxiety.