All of the following are the goals of internal controls over merchandising transactions except
A) To keep credit losses at a minimum
B) To retain enough cash to take advantage of cash discounts
C) To keep the appropriate amount of inventory on hand
D) To decide on the quality of materials to be purchased

Question

Quizplus · Accepted Answer

The quality of materials to be purchased is not related to the goals of internal controls over merchandising transactions. The other options (keeping credit losses at a minimum, retaining enough cash to take advantage of cash discounts, and keeping the appropriate amount of inventory on hand) are all important goals of internal controls over merchandising transactions.

All of the Following Are the Goals of Internal Controls