Which of the Following Internal Controls Most Likely Would Be

question 303

Multiple Choice

Which of the following internal controls most likely would be used to maintain accurate inventory records?

• A) Perpetual inventory records are periodically compared with the current cost of individual inventory items.
• B) A just-in-time inventory ordering system keeps inventory levels to a desired minimum.
• C) Requisitions, receiving reports, and purchase orders are independently matched before payment is approved.
• D) Periodic inventory counts are used to adjust the perpetual inventory records.