Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: ang359 on Aug 1, 2022



Title: Which of the following statements is correct regarding the audit of inventory cost accounting?
Post by: ang359 on Aug 1, 2022
Which of the following statements is correct regarding the audit of inventory cost accounting?

▸ Cost accounting systems and controls are the same for all manufacturing companies.

▸ All companies that have work-in-process must use a perpetual inventory system.

▸ Auditors test perpetual inventory master files by examining documentation that supports additions and reductions of inventory amounts in the master files.

▸ Manufacturing companies keep their cost accounting records separate from the production and other accounting records.


Title: Which of the following statements is correct regarding the audit of inventory cost accounting?
Post by: angfucious on Aug 1, 2022
Content hidden