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    Business
  3. Study Set
    Accounting Information Systems
  4. Exam
    Exam 9: Expenditures Processes and Controls - Purchases
  5. Question
    Independent Reconciliation of the Periodic Inventory Counts and the Inventory
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Independent Reconciliation of the Periodic Inventory Counts and the Inventory

Question 38

Question 38

True/False

Independent reconciliation of the periodic inventory counts and the inventory ledger and the general ledger will help to assure that inventory is being properly accounted for.

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