Custodial responsibility for the inventory, Accounting Basics

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Custodial responsibility for the inventory

A recommended internal control procedure for taking physical inventories is that the accounting should be done by employees who do not have custodial responsibility for the inventory. This is an example of what type of internal control procedure?

a. Establishment of responsibility

b. Documentation procedure

c. Independent internal verification

d. Segregation of duties

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Accounting Basics: Custodial responsibility for the inventory

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Accounting Basics: Custodial responsibility for the inventory

Reference No:- TGS095527

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Custodial responsibility for the inventory

Reference No:- TGS095527

Recent Questions Asked Accounting Basics

Q : Find probability that same members would average more

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