Almost all companies need physical controls over their assets to prevent loss.Which of the following is not an example of such a control?
A)Perpetual inventory master files
B)Segregated, limited-access storage areas
C)Custody of assets assigned to specific responsible individuals
D)Approved prenumbered documents for authorizing movement of inventory

Question

Quizplus · Accepted Answer

Perpetual inventory master files are not a physical control over assets, but rather an accounting record keeping system. The other options listed (B, C, and D) are all examples of physical controls over assets to prevent loss.

Almost All Companies Need Physical Controls Over Their Assets to Prevent