Question: Internal controls that should be applied when a business takes a physical count of inventory should include all of the following except: Prenumbered inventory tickets.

Internal controls that should be applied when a business takes a physical count of inventory should include all of the following except:

Prenumbered inventory tickets.
A manager confirms that all inventories are ticketed only once.
Counters confirm the validity of inventory existence, amounts, and quality.
Second counts by a different counter.
Counters of inventory should be those who are responsible for the inventory.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f