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) documentation procedures.

(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

Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

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

See More Books

Question Posted: Jun 10, 2024 01:06 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) segregation of duties. (b) establishment of responsibility. (c) independent...
In the late 1980s, various states and the US Congress debated placing limits on sulfur emissions to reduce the impact of acid rain. Utilities that generated electricity using coal-powered plants felt...
What are the disadvantages of litigation?
Prove, by mathematical induction, that Ere + 3) =n(n- + 1) (n + 5) for all n 1. r=1
Decency and public money. Congress has often objected to spending public money on projects that seem indecent or in bad taste. The arts are most often affected, but science can also be a target....
Create a star schema for this case study. How did you handle the time dimension? Fitchwood Insurance Company, which is primarily involved in the sale of annuity products, would like to design a data...
Use the compound interest table on p. 26 to complete each row below
Which statement correctly describes the reporting of cash? (a) Cash cannot be combined with cash equivalents. (b) Restricted cash funds may be combined with Cash. (c) Cash is listed first in the...
The principles of internal control do not include: (a) establishment of responsibility. (b) documentation procedures. (c) financial performance measures. (d) independent internal verification.
A two-dimensional incompressible flow is defined by where K = constant. Is this flow irrotational? If so, find its velocity potential, sketch a few potential lines, and interpret the flow pattern. Ky...
IRIS Ratio Analysis Spreadsheet Using the information presented below, calculate the ratios requested in the IRIS ratio section. All of your answers should be in percentage-format. Note that the...
https://www.youtube.com/watch?v=jQbXao0mQ1M 1. Identify the cultural misunderstandings that occurred during Kenichi Takahashi's meeting with Rob, Ella, and Stephanie. Explain and support your...
Using what you know of groups and teams, how do you get your teams back on track with Pat? What actions do you need to take as a leader to minimize/repair the negative impact Pat's has had on the...
The demand function for a certain product is given by p = 3000 2x + 100 (0 x 10) where x (measured in units of a thousand) is the quantity demanded per week and p is the unit price in dollars. Sketch...
QUESTION 4 Dr. Martin Luther King's Speech where he proclaimed, "Free at last! Free at last!" is an example of O A. Impromptu O B. Dissolving OC. Prepared D. Reference E.Planned Speaking Wording...
Is any special accounting treatment required for the assigning of accounts receivable in general as collateral for debt?
Suppose that a flow network G = (V, E) violates the assumption that the network contains a path s t for all vertices V. Let u be a vertex for which there is no path s u t. Show that there must...
A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D 1 = $1.50), and it should continue to grow at a constant rate of 10% a year. If its required return is 14%, what is the...
The Hobby Shop has a checking account with a ledger balance of $1,700. The firm has $2,400 in uncollected deposits and $4,200 in outstanding checks. What is the amount of the disbursement float on...
An investment will pay you $34,000 in 11 years. If the appropriate discount rate is 6.1 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate...

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

Question:

Step by Step Answer:

Accounting Tools For Business Decision Making

Students also viewed these Business questions