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2. An employee who makes a sale, ships the goods, and bills the customer violates which control activity? (a) review and reconciliation (b) documentation (c)

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2. An employee who makes a sale, ships the goods, and bills the customer violates which control activity? (a) review and reconciliation (b) documentation (c) segregation of duties (d) assignment of responsibility Response 3. On the April 30 bank reconciliation, a deposit made by a company to its bank account on April 18 will likely appear as a(n) (a) addition to the balance per books. (b) deduction from the balance per books. (c) deduction from the balance per bank. (d) This will not affect the current period's bank reconciliation. Response 4. A high receivables turnover ratio indicates that (a) the company's sales are increasing. (b) a large proportion of the company's sales are on credit. (c) customers are making payments very quickly. (d) customers are making payments very slowly

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