The primary purpose of internal control over plant and equipment is to safeguard the assets from theft.

Name: The primary purpose of internal control over plant and equipment is to safeguard the assets from theft.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The primary purpose of internal control over plant and equipment is not only to safeguard the assets from theft but also to ensure the accurate recording of transactions related to these assets and their efficient use.

The Primary Purpose of Internal Control Over Plant and Equipment