Controls Which Provide a Means of Ensuring That the Physical

question 21

Multiple Choice

Controls which provide a means of ensuring that the physical counts are properly summarised, priced at the same amount as the unit records, correctly extended and totalled, and included in the general ledger at the proper amount are known as:

• A) pricing internal controls.
• B) inventory compilation controls.
• C) count quantity internal controls.
• D) standard cost controls.

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Definitions:

Motivated Person

An individual who demonstrates a strong drive and eagerness to pursue goals or complete tasks.

Properly Referenced

The act of crediting original sources of information or ideas in a document or presentation to avoid plagiarism and ensure academic integrity.

Considered Plagiarized

Regarded as the act of using someone else's work, ideas, or expressions without proper acknowledgment or permission.

Internal Locus

A psychological concept referring to the belief that one controls their own life, as opposed to being influenced by external forces.