13. The following entry is taken from the yournal of am Cost of Goods Sold Merchandise Inventory What is the effect of this entry on thve accounting A. Assets and equity will decrease. B. Assets will decrease and equity will increase C. Assets and equity will increase. D. None of these. reduces the 14. Which internal control procedure is the most important procedure that of employce fraud or theft if collusion is required to accomplish fraud or thet? A. Use of prenumbered documents. B. Physical controls. C. Fidelity (Employee) bonding D. Separation of duties