Which of the following statements relating to control activities employed in the expenditure (inventory purchases)...
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Accounting
Which of the following statements relating to control activities employed in the expenditure (inventory purchases) cycle is most correct? And tell me why.
A. To address occurrence for inventory purchases, the client should check that all pre-numbered receiving reports are accounted for and included in a voucher packet, and follow up all exceptions.
B. To address occurrence for inventory purchases, the client should count, inspect and compare the inventory delivered against the purchase order and follow up all exceptions.
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