Which of the Following Internal Control Procedures Is Most Likely

question 3

Multiple Choice

Which of the following internal control procedures is most likely to be used in order to maintain accurate inventory records?

• A)Perpetual inventory records are periodically compared with the current cost of individual inventory items.
• B)A just-in-time inventory ordering system keeps inventory levels at a desired minimum.
• C)Requisitions,receiving reports,and purchase orders are independently matched before payment is approved.
• D)Periodic inventory counts are used to adjust the perpetual inventory records.

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Definitions:

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A fat-soluble vitamin with antioxidant properties, important for immune function and skin health.

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A supplement that contains a combination of vitamins, and sometimes minerals, to prevent nutrient deficiencies.

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