Which Statement Below Is TRUE About the Purchase of Inventory

question 199

Multiple Choice

Which statement below is TRUE about the purchase of inventory?

• A)Large firms tend to have entire departments for purchasing and for accounts payable.
• B)All firms,large and small,need to keep detailed records of what they are buying and paying for.
• C)The person who records inventory purchases should not have access to the inventory.
• D)All of these statements are true.