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March/june 2016 exam

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › March/june 2016 exam

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.
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  • November 30, 2017 at 12:51 pm #419185
    Anuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    Hi sir, for march june 2016 exam, question 5(a), regarding the 3rd deficiency.

    I dont understand the control. They said one member must count. The other member must also undertake a count and record it correctly on the inventory sheets.

    Isn’t this counting together ? I thought one person is supposed to count and the other person should count the same inventory to double check the quantities counted by the first member. Then record it on the inventory sheet.

    November 30, 2017 at 1:05 pm #419187
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10599
    • ☆☆☆☆☆

    It says that they both count so they are checking. Obviously one then has to write down the quantity found.

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