Which of the Following Is the Most Important Control Procedure

question 30

Multiple Choice

Which of the following is the most important control procedure over acquisitions of property,plant,and equipment?

• A)Establishing a written company policy distinguishing between capital and revenue expenditures.
• B)Using a budget to forecast and control acquisitions and retirements.
• C)Analyzing monthly variances between authorized expenditures and actual costs.
• D)Requiring acquisitions to be made by user departments.