To ensure proper segregation of duties, who should maintain the perpetual inventory master files?
A) production personnel
B) inventory storeroom personnel
C) inventory receiving personnel
D) accounting department personnel

Question

Quizplus · Accepted Answer

The accounting department personnel should maintain the perpetual inventory master files to ensure proper segregation of duties. This involves updating and reconciling inventory records with financial records, which is a task that should be separated from physical inventory management tasks performed by other departments.

To Ensure Proper Segregation of Duties, Who Should Maintain the Perpetual