Question

Control of inventory should begin as soon as the inventory is ordered. Which of the following internal control steps is not done to meet this goal?
a. check the invoice to the receiving report
b. check the invoice to the purchase order
c. check the invoice with the person who specifically purchased the item
d. check the invoice extensions and loads

Answer 1

Answer:

C. check the invoice with the person who specifically purchased the item.

Explanation:

Inventory control is explained to be the steps or patterns used in ensuring availability and delivery of products, overseeing its restock and making sure a good record of sales is been kept. In as much as the procedures purpose is to maximize profits without maintaining less customer relation or satisfaction with minimal investment from the inventory. It is processes ranges from checking invoice of order been received to checking of invoice of purchase order, also checking the invoice extensions before the loading and dispatches.

Also preparation of budget inventory is paramount in the business smooth running.