Establishing accounting policy regarding the minimum dollar


Which of the following is not a control that should be established for purchases of equipment?

A. Establishing a budget for capital acquisitions.

B. Requiring that the department in need of the equipment order the equipment.

C. Requiring that the receiving department receive the equipment.

D. Establishing an accounting policy regarding the minimum dollar amount of purchase that will be considered for capitalization.

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Accounting Basics: Establishing accounting policy regarding the minimum dollar
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