With Respect to a Small Company's System of Purchasing Supplies

question 13

Multiple Choice

With respect to a small company's system of purchasing supplies, an auditor's primary concern should be to obtain satisfaction that supplies ordered and paid for have been:

• A)requested and approved by authorized individuals who have no incompatible duties.
• B)received, counted, and checked to quantities and amounts on purchase orders and invoices.
• C)properly recorded as assets and systematically amortized over the estimated useful life of the supplies.
• D)used in the course of business and solely for business purposes during the year under audit.

---

Definitions:

Indian Queen

A historical or mythical female ruler from India; not a specific term for a particular individual.

Lakshmi Bai

A prominent figure in the Indian Rebellion of 1857, known for her resistance against British rule.

Jhansi

A historic city in the Indian state of Uttar Pradesh, known for its significant role in the 1857 Indian Rebellion and its association with Rani Lakshmibai.

British

Pertaining to Great Britain or the United Kingdom, its people, culture, or characteristics.