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Chapter 7 3 4





                           Inventory system





               11.1 Inventory system overview




                       Control objectives                                   Control procedures








                                                   Inventory system






                                     Goods received              Goods despatched




                                    Receipt recorded             Despatch recorded





                                                       Inventory

                                                 movement recorded





                  Illustrations and further practice


                  Look at Chapter 7 section 10 for examples of the control objectives, control
                  procedures and tests of control relevant to inventory.







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