A major control procedure related to plant and equipment is a budget for acquisitions and disposition.

Question

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A budget for acquisitions and disposition of plant and equipment helps to ensure that any purchases or sales are approved in advance and are consistent with the organization's overall financial plan. This helps to prevent overspending or unnecessary purchases and ensures that the organization's resources are being used effectively. Additionally, tracking actual expenditures against the budget can help identify any discrepancies or potential issues early on, allowing for prompt corrective action.

A Major Control Procedure Related to Plant and Equipment Is