1- A good accounting information system includes all of the following features except

Select one

-compatibility

-control

-inflexibility

-a favorable cost benefit relationship

2- All of the following are purposes of internal control except to

Select one

-promote operational inefficiency

-safeguard assets

-ensure accurate and reliable accounting records

-prevent and detect error and fraud

3- The employee who processes cash payment should have nothing to do with the approval process, this is part of which characteristic of internal control

Select one

-separation of duties

-competent , reliable and ethical personnel

-proper authorization

4- The cheques that have been paid by the bank on behalf of the depositor and included with the bank statement are called

Select one

-cheques in transit

-outstanding cheques

-cancelled cheques