Multiple Choice
An effective method of internal control is periodically comparing/reconciling actual assets with accounting records.How is this most easily accomplished?
A) Physically count inventory and compare the value of the inventory with the market to ensure inventory is not devaluing.
B) Compare a physical count of inventory to purchase orders maintained in accounting files.
C) Compare what is recorded in the accounting records with the purchase orders maintained in the accounting files.
D) Physically count inventory on hand and compare it with what is recorded in the accounting records.
Correct Answer:

Verified
Correct Answer:
Verified
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