Question: Your client counts inventory three months before the end of the fiscal year because controls over inventory are excellent. Which procedure is not necessary for
a. Check that shipping documents for the last three months agree with perpetual records.
b. Trace receiving reports for the last three months to perpetual records.
c. Compare gross margin percentages for the last three months.
d. Request the client to recount inventory at the end of the year.
Step by Step Solution
3.46 Rating (175 Votes )
There are 3 Steps involved in it
a Incorrect This tests whether the reductions in inventory for shipments w... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
332-B-A-A-A-N (2045).docx
120 KBs Word File
