5. The office manager forgot to record in the accounting records the daily bank deposit. Which control procedure would most likely prevent or detect this error?

MULTIPLE CHOICE

		A. segregation of duties
		B. independent verification
		C. accounting records
		D. supervision

6. When certain customers made cash payments to reduce their accounts receivable, the bookkeeper embezzled the cash and wrote off the accounts as uncollectible. Which control procedure would most likely prevent this irregularity?

MULTIPLE CHOICE

		A. segregation of duties
		B. accounting system
		C. accounting system
		D. independent verification

13. Which steps in the Financial Accounting Process are in the correct sequence?

MULTIPLE CHOICE

		A. record the transaction, post to the ledger, prepare the adjusted trial balance, enter adjusting entries, prepare financial statements
		B. record the transaction, prepare the unadjusted trial balance, record adjusting journal entries, record closing entries, prepare financial statements
		C. record the transaction, post to the ledger, record adjusting entries, prepare the unadjusted trial balance, prepare financial statements
		D. record the transaction, post to the ledger, prepare the adjusted trial balance, prepare financial statements, record closing entries

19. Which of the following statements is NOT true?

MULTIPLE CHOICE

		All systems should be properly authorized to ensure their economic justification and feasibility.
		Users need not be actively involved in the systems development process.
		All program modules must be thoroughly tested before they are implemented.
		The task of creating meaningful test data is time-consuming.