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In a company with materials and supplies that include a great number of items, a...

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Accounting

In a company with materials and supplies that include a great number of items, a fundamental deficiency in control requirements would be indicated if

a. A perpetual inventory master file is not maintained for items of small value.

b. The storekeeping function were to be combined with production and record keeping.

c. The cycle basis for physical inventory taking was to be used

d. Minor supply items were to be expenses when acquired.

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