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

Question

Quizplus · Accepted Answer

The quality of materials to be purchased is not a goal of internal controls over merchandising transactions. The other options listed are all important goals of internal controls over merchandising transactions.

All of the Following Are the Goals of Internal Controls