Question
1. A company stamps checks received in the mail with the words For Deposit Only. This endorsement is called: a deposit endorsement. a proficient endorsement.
1. A company stamps checks received in the mail with the words "For Deposit Only". This endorsement is called:
a deposit endorsement. | ||
a proficient endorsement. | ||
a restrictive endorsement. | ||
an operational endorsement. |
2.
The reconciliation of the cash register tape with the cash in the register is an example of:
other controls. | ||
independent internal verification. | ||
establishment of responsibility. | ||
segregation of duties. |
3.
Which of the following is not a principle of internal control?
Segregation of Duties | ||
Independent Internal Verification | ||
Price Parity | ||
Documentation Procedures |
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