Periodically reconciling the physical counts of inventory, Ask an Expert

Accounting

Periodically reconciling the physical counts of inventory to total counts reflected in accounting records by using someone who does not handle inventory or record purchases is considered to be:

- Segregation of duties

- Physical safeguards

- Independent checks

- None of the above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9278150

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