Question: Question Content Area Select the internal control objectives illustrated by the following: a . Keeping the inventory storeroom locked reporting inventory in the financial statementssafeguarding
Question Content Area
Select the internal control objectives illustrated by the following:
a Keeping the inventory storeroom locked
reporting inventory in the financial statementssafeguarding the inventory from damage or theftsafeguarding the inventory from damage or theft and reporting inventory in the financial statements
b Counting the inventory at the end of the accounting period and comparing it to the inventory ledger
reporting inventory in the financial statementssafeguarding the inventory from damage or theftsafeguarding the inventory from damage or theft and reporting inventory in the financial statements
c Using subsidiary ledgers and a perpetual inventory system
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