Multiple Choice
Virginia Samuels, the purchasing officer of Handyman Wholesalers Pty Ltd (Handyman) , has a relative who owns a retail hardware store.Virginia arranged for hardware to be delivered by manufacturers to the retail store on a COD basis, thereby enabling her relative to buy at 'wholesale prices in Handyman's name.Virginia was probably able to accomplish this because of Handyman's poor internal control for:
A) sales returns.
B) cash receipts.
C) perpetual inventory records.
D) purchase orders.
Correct Answer:
Verified
Correct Answer:
Verified
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