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Mary is an employee of ABC Inc. and has requisitioned material for her personal use. Employees of ABC Inc, are allowed to use material for their personal use as long as they pay for the cost of the material within 30 days. Mary searches the invoices for the last 10 years and finds the lowest cost for the material she used personally. This is acceptable because:

a. Mary is an employee of ABC Inc

b. Mary will be paying her invoice within the required 30 days

c. It is not acceptable because she searched 10 years back for the lowest price

d. the company is large, she is only requisitioning a small amount of material compared to total company operations and she does have documentation of the cost.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9402087

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