The internal control process that requires purchase records to be matched and verified for item descriptions, quantities, dates, authorized prices, and mathematical accuracy, will help to minimize the risk of:
A)Stolen goods
B)Omitted transactions
C)Invalid purchases
D)Incorrect accumulation

Question

Quizplus · Accepted Answer

This process ensures that purchases are valid and authorized, reducing the risk of invalid purchases by verifying the details of each transaction.

The Internal Control Process That Requires Purchase Records to Be