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    Auditing Assurance Services
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    Exam 15: Audit of transaction cycles and financial statement balances I
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    When Perpetual Inventory Master Files Are Accurate, the Physical Inventory
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When Perpetual Inventory Master Files Are Accurate, the Physical Inventory

Question 66

Question 66

True/False

When perpetual inventory master files are accurate, the physical inventory can be tested before the balance sheet date.

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