The primary objectives of control over inventory are

A) safeguarding the inventory from damage and maintaining constant observation of the inventory
B) reporting inventory in the financial statements and taking a physical inventory
C) maintaining constant observation of the inventory and reporting inventory in the financial statements
D) safeguarding inventory from damage and reporting inventory in the financial statements

Control Over Inventory

Refers to the processes and measures a business undertakes to manage its inventory efficiently, ensuring adequate stock levels, and minimizing costs.

Safeguarding Inventory

Measures and practices employed to prevent inventory loss, damage, or theft, including physical security and inventory management systems.

Financial Statements

Reports that summarize the financial performance and condition of a company, including the balance sheet, income statement, and cash flow statement.