What pair of entities are likely to participate in a conversion cycle Custody relationship?
A) Cash and Cashier
B) Raw Materials Inventory and Inventory Clerk
C) Raw Materials Inventory and Production Run
D) Inventory Clerk and Raw Materials Issuance
E) Raw Materials Inventory and Finished Goods Inventory

Question

Quizplus · Accepted Answer

In a conversion cycle, the Inventory Clerk is responsible for managing the Raw Materials Inventory, establishing a custody relationship between them.

What Pair of Entities Are Likely to Participate in a Conversion