Which of the following control procedures would most likely be used to maintain accurate perpetual inventory records?
A) independent storeroom count of goods received
B) periodic independent comparison of records with goods on hand
C) periodic independent reconciliation of control and subsidiary records
D) independent matching of purchase orders, receiving reports, and vendors' invoices

Question

Quizplus · Accepted Answer

Periodic independent comparison of records with goods on hand helps ensure that the perpetual inventory records accurately reflect the actual inventory available, allowing for timely identification and correction of discrepancies.

Which of the Following Control Procedures Would Most Likely Be