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To reduce the risk of allowing an order to proceed when goods are not available or rejecting an order when goods are available, it is i O Maintain accurate and timely periodic inventory records and periodically conduct physical inventory checks. O Maintain accurate and timely perpetual inventory records and constantly conduct physical inventory checks. O Maintain accurate and timely perpetual inventory records and periodically conduct physical inventory checks. O Maintain accurate and timely periodic inventory records and constantly conduct physical inventory checks.

To reduce the risk of allowing an order to proceed when goods are not available or rejecting an order when goods are available, it is i O Maintain accurate and timely periodic inventory records and periodically conduct physical inventory checks. O Maintain accurate and timely perpetual inventory records and constantly conduct physical inventory checks. O Maintain accurate and timely perpetual inventory records and periodically conduct physical inventory checks. O Maintain accurate and timely periodic inventory records and constantly conduct physical inventory checks.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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To reduce the risk of allowing an order to proceed when goods are not available or rejecting an order when goods are available, it is important to: Maintain accurate and timely periodic inventory records and periodically conduct physical inventory checks. Maintain accurate and timely perpetual inventory records and constantly conduct physical inventory checks. Maintain accurate and timely perpetual inventory records and periodically conduct physical inventory checks. Maintain accurate and timely periodic inventory records and constantly conduct physical inventory checks.
Transcribed Image Text:To reduce the risk of allowing an order to proceed when goods are not available or rejecting an order when goods are available, it is important to: Maintain accurate and timely periodic inventory records and periodically conduct physical inventory checks. Maintain accurate and timely perpetual inventory records and constantly conduct physical inventory checks. Maintain accurate and timely perpetual inventory records and periodically conduct physical inventory checks. Maintain accurate and timely periodic inventory records and constantly conduct physical inventory checks.
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