For the control activities to be effective, employees maintaining the ac- counts receivable subsidiary ledger should not

Question:

For the control activities to be effective, employees maintaining the ac- counts receivable subsidiary ledger should not also approve

a. Employee overtime wages.

b. Credit granted to customers.

c. Write-offs of customer accounts.

d. Cash disbursements.

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

Step by Step Answer:

Related Book For book-img-for-question

Accounting Information Systems

ISBN: 9780130861771

8th Edition

Authors: George H. Bodnar, William S. Hopwood

Question Posted: May 05, 2024 05:01 AM

See More Questions

1. For the control activities to be effective, employees maintaining the accounts receivable subsidiary ledger should not also approve a. Employee overtime wages. b. Credit granted to customers. c....
1. The internal auditor is reviewing shipping procedures of a manufacturing company. The auditor should be greatly concerned when a. Merchandise is shipped without an approved customers order. b....
The aluminum shell is fully bonded to the brass core and the assembly is unstressed at a temperature of 15 C. Determine the highest temperature the whole structure can be increased to if the normal...
The following information is available in the books of X Bank Limited as on 31st March, 2007: Bills discounted Rebate on bills discounted (as on 1-4-2006) Discount received Details of bills...
How could ocean wave energy affect offshore ecology? Consider both positive and negative aspects.
Identify which of these types of sampling is used: random, systematic, convenience, stratified, or cluster. A Harris Interactive study involved 1013 adults who were interviewed about washing their...
Research Problem 1. Locate the following items, and e-mail to your professor a brief summary of the results. a. Terrell, T.C.Memo. 201685. b. Ltr.Rul. 200231003. c. Action on Decision 201901,...
New Orleans, Inc., is a multidivision company. The current ROI for New Orleans, Inc. as a whole is 12 percent. New Orleans, Inc. has a minimum required rate of return on all investments of 10...
classify each item as a different cost, a sunk cost, or an opportunity cost in the decision to replace the old X-ray machine with a new machine. if none if the categories apply for a owrticulwr item,...
You are an audit senior and you have just finished the audit of Speedy Spares Ltd a used car parts company. One month later... Your audit partner calls you into his office he is not happy! Speedy...
Match the term to the definition. a. Attribute sampling b. Desired confidence level c. Allowance for sampling risk d. Sampling risk e. Sampling population f. Nonstatistical sampling g. Tolerable...
Specify the practical lesson from the Hofstede cross-cultural study.
What are the types of conflicts that individuals may have at work? Which type have you experienced the most? 2. What are some primary causes of conflict at work? 3. Explain how miscommunication might...
What program do you work with that has a budget? Navy JROTC Who helps to determine how the funds are allocated and spent? US Navy and St. Elizabeth ISD How did you find out the budget amount? Does...
Explain the way to generate value of business for business sustainable development with one example (5 points) Identify and explain the key points for positive results for business sustainable...
Systematization is the most common way of causing specific practices and ways of behaving to turn out to be solidly settled inside an association or society. It includes making clear principles,...
Imagine that you are working at Seneca Bank as a Financial Planner. You are working hard to establish your Financial Planning practice and you realize there are many aspects involved in successfully...
Is net income a reliable measure of cash available to meet fixed charges?
Explain what is meant by vicarious liability and when it is available?
Home 1: During 2020 Based Basedy, incurred $300,000 in fuel for its manufacturing division. The following factors relate to its activity:- Fuel (tons) Actual Other Facility Consumed Weight (lbs) Fuel...
Required Information Camp Rainbow offers overnight summer camp programs for children ages 10-14 every summer during June and July. Each camp session is one week and can accommodate up to 200...
SweetFish Corp. issued bonds with a par value of $870,000 and a five-year life on May 1, 2020. The contract interest rate is 12.00% The bonds pay interest on October 31 and April 30. They were issued...

For the control activities to be effective, employees maintaining the ac- counts receivable subsidiary ledger should not

Question:

Step by Step Answer:

The correct answer is c Writeoffs of customer accounts For control activities to be effective it is ...View the full answer

Accounting Information Systems

Students also viewed these Business questions