3. Management of a company is responsible for the annual physical count of inventory. Indicate...
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Accounting
3. Management of a company is responsible for the annual physical count of inventory. Indicate all of the items that are essential to proper internal control for the physical count. Note: incorrect answers will result in negative points. Essential for proper control Yes or No Prenumbered inventory tickets A manager confirms that all inventories are ticketed only once. Counters confirm the existence, amounts, and conditions of inventory. Second counts by a different counter. Counters of inventory should be those who are responsible for inventory.
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