menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing Other Assurance Services Study Set 2
  4. Exam
    Exam 12: Inventories and Cost of Goods Sold
  5. Question
    The Use of a Tagging System for Inventory Taking Is
Solved

The Use of a Tagging System for Inventory Taking Is

Question 59

Question 59

True/False

The use of a tagging system for inventory taking is designed to prevent double counting of goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q54: The lower-of-cost-or-market test by the auditors is

Q55: An auditor has accounted for a sequence

Q56: For good internal control over purchase transactions,purchases

Q57: After accounting for a sequence of inventory

Q58: Effective internal control for purchases generally can

Q60: An inventory turnover analysis is useful to

Q61: Purchase cutoff procedures should be designed to

Q62: When the auditors cannot satisfy themselves as

Q63: Observation of a client's inventory is a

Q64: Which of the following is <b>not</b>a part

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines