The responsibility for keeping the records for an asset should be separate from the physical custody of that asset.

Name: The responsibility for keeping the records for an asset should be separate from the physical custody of that asset.
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Quizplus · Accepted Answer

This is because the physical custody of an asset can change over time, but the accuracy of the records must remain constant. Keeping the responsibility for record-keeping separate helps to prevent errors or fraud in the accounting process.

The Responsibility for Keeping the Records for an Asset Should