Physical counts of inventory

Assignment Help Accounting Basics
Reference no: EM1357835

Periodically reconciling the physical counts of inventory to total counts reflected in accounting records by using someone who does not handle inventory or record purchases is considered to be:

- Segregation of duties

- Physical safeguards

- Independent checks

- None of the above

Reference no: EM1357835

Questions Cloud

Working with straight line depreciation : Leah, Inc. has machinery with a cost of $100,000. The machinery has an estimated useful life of 10 years, and an estimated salvage value of $10,000. The machinery is expected to be able to produce a total of 1,000,000 units during its estimated li..
What is the total annual shipping cost : Which alternative would you recommend, and why and what is the total annual shipping cost
Illustrate about the maximum amount that the money supply : Suppose that excess reserves in the Stranda National Bank are $15,000 and the reserve requirement is 4 percent. Illustrate about the maximum amount that the money supply can be increased is.
Explain companies can gain market share : Explain companies can gain market share by offering low-quality products at a high price and total value equals total cost minus variable costs leading to price escalation
Physical counts of inventory : Periodically reconciling the physical counts of inventory to total counts reflected in accounting records by using someone who does not handle inventory or record purchases is considered to be:
Unethical operating leverage : purchase of machinery in order to increase the organization's operating leverage is unethical and should be avoided. What do you think?
Suicide risk for adolescent homosexuals : Discuss the potential suicide risk for adolescent homosexuals.
Mathematics in computing : MCIS 502 Mathematics in computing, Using members of the set {1, 3, 4, 5, 7, 8}, the next larger P(6,3) permutation after 342  is  343
Access and its limitations in distributed business model : describe the difference of the two terms and how they work together. Your post should include the following details: A description of Access and its limitations in a distributed business model.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd