Which of the following controls would NOT help reduce the risk of capitalized assets not...
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Accounting
Which of the following controls would NOT help reduce the risk of capitalized assets not being properly recorded? Proper segregation of duties exists between maintaining and updating the vendor table and supplier selection Regular review of fixed asset transactions. Tagging all capital assets. Conducting a periodic physical count of fixed assets and reconciling to the subsidiary ledger. Question 6 Which of the following lists of basic steps in the Acquisition/Payment process is in the correct order: Request goods, authorize purchase, purchase goods, receive goods, disburse cash Request goods, authorize purchase, receive goods, purchase goods, disburse cash Authorize purchase, Request goods, receive goods, purchase goods, disburse cash Receive goods, authorize purchase, request goods, purchase goods, disburse cash
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