Which of the following internal control procedures would most likely be used to maintain accurate perpetual inventory
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Which of the following internal control procedures would most likely be used to maintain accurate perpetual inventory records?
a. Independent storeroom count of goods received.
b. Periodic independent comparison of records with goods on hand.
c. Periodic independent reconciliation of control and subsidiary records.
d. Independent matching of purchase orders, receiving reports, and vendors' invoices.
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Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
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