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14 Which of the following attributes of internal control would be violated if the purchasing department wrote checks to pay accounts payable? a. Adequate design
14 Which of the following attributes of internal control would be violated if the purchasing department wrote checks to pay accounts payable? a. Adequate design of documents b. Sound personnel procedures c. Periodic independent verification d. Separation of duties 15 Which of the following would be added to the balance per books on a bank reconciliation? a. Notes collected by the bank b. Deposits in transit c. Service charges d. Outstanding checks 16 Which of the following bank reconciliation items would not result In a journal entry? a. Service charge b. NSF check of a customer C. Collection of a note by the bank d. Deposits in transit 17 Which of the following would be deducted from the balance per books on a bank reconciliation? a. Notes collected by the bank b. Deposit in transit c. Service charges. d. Outstanding checks 18 The management of public companies must establish systems that a. Safeguard the firm's assets b. Ensure reliability of its accounting records c. See that employees comply with legal requirements d. Do all of these 19 The entry for establishing a $300 petty cash fund would be: a. Cash 300 Petty Cash 300 b. Miscellaneous Expense 300 Cash 300 c. Petty Cash 300 Cash 300
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