Which of the following is the most important control procedure over acquisitions of property,plant,and equipment?
A)Establishing a written company policy distinguishing between capital and revenue expenditures.
B)Using a budget to forecast and control acquisitions and retirements.
C)Analyzing monthly variances between authorized expenditures and actual costs.
D)Requiring acquisitions to be made by user departments.

Question

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The Answer of Which of the following is the most important control procedure over acquisitions of property,plant,and equipment?
A)Establishing a written company policy distinguishing between capital and revenue expenditures.
B)Using a budget to forecast and control acquisitions and retirements.
C)Analyzing monthly variances between authorized expenditures and actual costs.
D)Requiring acquisitions to be made by user departments.

Which of the Following Is the Most Important Control Procedure