Give one example of an error that could be detected by a check digit control.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
An accounts receivable clerk incorrectly posts a1000 remittance ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
Give one example of an error that a check digit control detects.
-
Give one example of building flexibility into system capacity.
-
Mags Pie Shop is a rapidly growing baker and distributor of specialty pies for festive occasions. Mags CPA adviser keeps recommending that Mag install better internal controls over the business....
-
According to the Internal Revenue Service (IRS), the chances of your tax return being audited are about 1 in 100 if your income is less than $1 million and 9 in 100 if your income is $1 million or...
-
x-bar = 23, n = 15, = 4, H0: = 22, Ha: > 22 We have provided a sample mean, sample size, and population standard deviation. In each case, use the one-mean z-test to perform the required hypothesis...
-
Munafo Corporation is a specialty component manufacturer with idle capacity. Management would like to use its extra capacity to generate additional profits. A potential customer has offered to buy...
-
Suppose the length of time (in hours) between emergency arrivals at a certain hospital is modeled as an exponential distribution with u = 2. What is the probability that more than 5 hours pass...
-
Teri West operates her own catering service. Summary financial data for July are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction on the...
-
help me asap need text answer only.briefly explain! Question What is an accrued revenue? Provide an example
-
December 1: , a new investor, made an investment in Byte by purchasing 2,700 shares of its common stock paying $72,900.00 in cash. The par value of the common stock was $19.00 per share. December 3:...
-
What is the primary disadvantage of ITF?
-
Classify each of the following as a field, record, or file interrogation: a. Limit check b. Validity check c. Version check d. Missing data check e. Sign checks f. Expiration date check g....
-
Visit a host that uses DHCP to obtain its IP address, network mask, default router, and IP address of its local DNS server. List these values.
-
How do cognitive biases such as confirmation bias, anchoring, and the availability heuristic influence the quality of decision-making within complex organizational contexts ?
-
What role do cognitive biases, such as confirmation bias and anchoring, play in perpetuating conflict, and how can awareness of these biases facilitate more effective conflict resolution strategies?
-
Were you surprised by the results? Do you agree with the results? How can you use this knowledge of your personal biases to inform your management strategies? How can the identified biases impact...
-
what ways do existing power structures perpetuate social stratification, and what are the socio-political ramifications of these dynamics ?
-
How do feedback loops and reflective practices contribute to continuous improvement and the refinement of teamwork dynamics over time ? Explain
-
A builder contracted for the delivery of 4 million pounds of loam. The supplier delivered the loam in 1,000 truckloads that he claims average 4,000 pounds of loam. The builder weighed a random sample...
-
Velshi Printers has contracts to complete weekly supplements required by fortysix customers. For the year 2018, manufacturing overhead cost estimates total $600,000 for an annual production capacity...
-
Treasury stock is listed as a(n) __________ on the balance sheet. (a) current liability (b) current asset (c) deduction from stockholders equity (d) addition to stockholders equity
-
What are key point Management Disclosure of the Sarbanes-Oxley Act?
-
In this age of high, technology and computer-based information systems, why accountants are concerned about physical (human) controls?
-
In this age of high, technology and computer-based information systems, why accountants are concerned about physical (human) controls?
-
Marie Forleo, a marketing trainer and host of MarieTV, presents the eight tips for genuine networking. Do you agree or disagree with her suggestions? Discuss how this information is useful to you and...
-
Identify all relevant costs or revenue that are applicable to production- constrained decisions 1. Contributions margin of product 2. Interference with other production 3. Contribution margin per...
-
Gammaro Compary manufactures wallets from fabric. In 2 0 1 9 , Gammaro made 2 , 1 5 0 , 0 0 0 wallets using 1 , 2 5 0 , 0 0 0 yards of fabric. In 2 0 1 9 , Gammaro has capacity to make 2 , 8 0 0 , 0...
Study smarter with the SolutionInn App