Examlex
Which of the following is not a control risk associated with manual controls?
Accounts Payable
Accounts payable is the amount a company owes to its suppliers or creditors for goods or services received but not yet paid for.
Inventory
Items and substances that a company stocks with the ultimate purpose of selling or further processing.
Perpetual Inventory System
A method of inventory management where inventory levels are updated in real-time after every sale or purchase transaction.
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