The internal control process of requiring physical controls in the warehouse and receiving areas, in order to limit access to inventory items, will help to minimize the risk of:
A)Incorrect posting
B)Omitted purchases
C)Invalid vendors
D)Stolen goods

Question

Quizplus · Accepted Answer

Requiring physical controls in the warehouse and receiving areas limits access to inventory items and helps prevent theft of goods. Therefore, the risk of stolen goods is minimized. This control process does not directly address incorrect posting, omitted purchases, or invalid vendors.

The Internal Control Process of Requiring Physical Controls in the Warehouse