- 1 Marks
MI – Nov 2020 – L1 – SA – Q12 – Accounting for Cost Elements
Identify a factor that is NOT to be considered during stocktaking.
Question
The objective of periodic stocktaking is to find out the physical quantities of all types of stocks at a given date. Which of the following is NOT a factor to be considered during stocktaking?
A. Adequate numbers of staff with clear and precise instructions
B. Period of stock take should not interfere with production
C. Adequate technical assistance should be available to identify materials
D. Great care should be taken to ensure that invalid stock items are not included
E. Quantities of each type of stocks should not be checked against stock records
Find Related Questions by Tags, levels, etc.
- Tags: Inventory, Management Controls, Stocktaking
- Level: Level 1
- Topic: Accounting for Cost Elements
- Series: NOV 2020
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