4. Which is an appropriate internal control for cash register cash receipts? (Points : 1)

Daily cash register reconciliations do not require a supervisor signature. The register is equipped with a screen visible only to the cashier. A receipt for all sales is given to the customer. A computerized cash register requiring no tapes is used.

Question 5.5. Which method maintains the most effective control over cash disbursements? (Points : 1)

Payments are made by check. Purchases are made on credit. Payments are made in cash. Payments are made by the accounts payable clerk.

Question 6.6. Which is a fraud scheme to overstate inventory? (Points : 1)

Understatement of goods on consignment Phantom inventory Understatement of cost of goods sold Overstatement of sales