Which of the Following Is Not an Example for Safeguarding

question 48

Multiple Choice

Which of the following is not an example for safeguarding inventory?

• A) Storing inventory in restricted areas.
• B) Physical devices such as two-way mirrors, cameras, and alarms.
• C) Matching receiving documents, purchase orders, and vendor's invoice.
• D) Returning inventory that is defective or broken.

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Definitions:

Debit And Credit

Debit and credit are fundamental categories used in accounting to record and maintain financial transactions, where debit refers to the left side of an account and credit refers to the right side.

Insurance Advance

A payment made in advance by an insurance company, typically for claims or benefits before the final settlement.

Secretary's Salary

The compensation paid to an administrative professional for performing secretarial and administrative duties.

Chart Of Accounts

An organized list of all accounts in a business entity's financial statements, used to classify and record financial transactions.