Permitting only designated personnel such as cashiers to handle cash receipts is an application of the principle

Question:

Permitting only designated personnel such as cashiers to handle cash receipts is an application of the principle of:

(a) segregation of duties.

(b) establishment of responsibility.

(c) independent internal verification.

(d) other controls.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

See More Books

Question Posted: Jun 13, 2024 02:10 AM

See More Questions

I've attached the assignment as a word file, thanks! JWCL165_c07_304-355.qxd 7/31/09 2:05 PM Page 304 7 Fraud, Internal Control, and Cash Chapter STUDY OBJECTIVES After studying this chapter, you...
Permitting only designated personnel such as cashiers to handle cash receipts is an application of the principle of: a. segregation of duties. b. establishment of responsibility. c. independent...
Permitting only designated personnel such as cashiers to handle cash receipts is an application of the principle of: (a) documentation procedures. (b) establishment of responsibility. (c) independent...
Unfiltered olive oil must flow at a minimum speed of 3.0 m/s to prevent settling of debris in a pipe. The oil leaves a pump at a pressure of 88 kPa through a pipe of radius 9.5 mm. It then enters a...
Repeat problem 2.72 if the flow inside the apparatus is liquid water, 1000 kg/m3, instead of air. Find the pressure difference between the two holes flush with the bottom of the channel. You cannot...
Maxy Politt is the controller for Pratt Industries. She has been asked to develop a plan for installing a management information system in her company. The president has already approved the concept...
The millennium bug has demonstrated that organisations, more often than not, take a shortterm view in their approach to information systems rather than a strategic one. Discuss.
Mallett Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and...
Current Attempt in Progress Snow is falling vertically at a constant speed of 5.0 m/s. At what angle from the vertical do the snowflakes appear to be falling as viewed by the driver of a car...
Expense recognition. Kroger Stores uses the accrual basis of accounting and recognizes revenue at the time its sells goods or renders services. Indicate the amount of expense recognized during...
Expense recognition. Sun Microsystems uses the accrual basis of accounting and recognizes revenue at the time its sells goods or renders services. Indicate the amount of expenses (if any) the firm...
The diagram shows a sketch of the graph y = f(x). The curve has a maximum at the point A(1, 4) and crosses the axes at the points (0, 3) and (2, 0). For each graph, find, where possible, the...
what are some of opportunity risk a fast food restaurant would faces? what would be the gain and the loss of this risk? what are some of the hazard risk, control risk and compliance risk harveys also...
What are the pros and cons, especially for an English course? What are your likes and dislikes? What can I do to enhance your learning experience? These are just some of the questions that I would...
What are some questions that organizations must ask and steps they must take in change management process?
Why is Property tax considered an onerous tax? What are the most easily adopted property tax reforms, and why is it difficult to achieve these reforms? Why is Serrano v priest an important case?...
Discuss how the introduction and developmentof the Regional Jet has changed the airline industry in general and also some of the problems that have occurred with this change. Illustrate some of the...
Distinguish between ordinary repairs and capital expenditures during an assets useful life.
The figure shows six containers, each of which is filled from the top. Assume that water is poured into the containers at a constant rate and each container is filled in 10 seconds. Assume also that...
A large Portland manufacturer wants to forecast demand for a piece of pollution-control equipment. A review of past sales ( At ), as shown below, indicates that an increasing trend is...
Question 2 (1 point) Considering the following interval chart, what can you say about the inequality? X 3 x+5 + + + x+2 + + X-3 + (a) f(x) 3 (b) f(x) 0 for- 5 3 (d) f( x) > 0 for x
Find two positive numbers that satisfies the given requirements. The product is 147 and the sum of the first number plus three times the second number is a minimum

Permitting only designated personnel such as cashiers to handle cash receipts is an application of the principle

Question:

Step by Step Answer:

Financial Accounting Tools For Business Decision Making

Students also viewed these Business questions