An example of an error would be:
A. Purchasing inventory from a related party.
B. Carelessly counting an inventory item twice when taking a physical inventory.
C. Holding back invoices so that accounts payable are understated.
D. Receiving kickbacks in exchange for issuing a purchase order to a vender.
Answer:B
An example of an error would be:
A. Purchasing inventory from a related party. B. Carelessly counting an inventory item twice when taking a physical inventory. C. Holding back invoices so that accounts payable are understated. D. Receiving kickbacks in exchange for issuing a purchase order to a vender.