Question: 7. Which of the following is a control weakness for a company whose inventory of supplies consists of a large number of individual items? a.
7. Which of the following is a control weakness for a company whose inventory of supplies consists of a large number of individual items?
a. Supplies of relatively little value are expensed when purchased.
b. The cycle basis is used for physical counts.
c. The storekeeper is responsible for maintenance of perpetual inventory records.
d. Perpetual inventory records are maintained only for items of significant value.
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