(Answered) Question - the perpetual inventory system subtotals the

Accounting

Question - The perpetual inventory system subtotals the quantity of inventory in the system and interfaces with the general ledger system on a daily basis to ensure quantities agree.

For each of the internal controls:

Identify the related transaction-related audit objective(s) affected by the control.

Describe risks the control is designed to mitigate.

Design a test of control to determine if the control is operating effectively.

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