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    Auditing and Assurance Services Study Set 2
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    Exam 21: Audit of the Inventory and Warehousing Cycle
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    If the Perpetual Inventory Master Files Show Lower Quantities of Inventory
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If the Perpetual Inventory Master Files Show Lower Quantities of Inventory

Question 63

Question 63

Multiple Choice

If the perpetual inventory master files show lower quantities of inventory than the physical count, an explanation of the difference might be unrecorded


A) sales.
B) sales discounts.
C) purchases.
D) purchase discounts.

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