The primary objectives of control over inventory are
A) safeguarding the inventory from damage and maintaining constant observation of the inventory
B) reporting inventory in the financial statements and taking a physical inventory
C) maintaining constant observation of the inventory and reporting inventory in the financial statements
D) safeguarding inventory from damage and reporting inventory in the financial statements

Question

Quizplus · Accepted Answer

The primary objectives of control over inventory include safeguarding inventory from damage to prevent loss and accurately reporting inventory in the financial statements to ensure financial accuracy and compliance with accounting standards.

The Primary Objectives of Control Over Inventory Are