Beta Pty Ltd Posts to Its Perpetual Inventory Records Directly

question 21

Multiple Choice

Beta Pty Ltd posts to its perpetual inventory records directly from its sales invoices.Inadequate control procedures over the invoicing function allow goods to be invoiced that are not shipped.The inadequate control procedures could cause an:

• A)understatement of revenues, receivables and inventory.
• B)overstatement of revenues and receivables, and an understatement of inventory.
• C)understatement of revenues and receivables, and an overstatement of inventory.
• D)overstatement of revenues, receivables and inventory.

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Definitions:

Vestibular Senses

Refer to the sensory system that contributes to balance, spatial orientation, and coordination, primarily involving the inner ear.

Tactile Sense

The sense that allows individuals to perceive touch, texture, and pressure, primarily through skin contact.

Endorphins

are neurotransmitters produced by the body to reduce pain and boost pleasure, resulting in feelings of well-being.

Kinesthetic Sense

Also known as proprioception, it refers to the ability to sense body position, movement, and dynamics of our limbs in space.