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A list of terms and another list of definitions and examples are presented below. Match the directly related definition or example with the each term.
A list of terms and another list of definitions and examples are presented below. Match the directly related definition or example with the each term. Required: Clear All Company policy prevents accountants from handling cash. Accounting controls Company policy requires receiving reports to be made for all deliveries by suppliers. Adequate documents and records Cash deposits are reconciled with cash register records at the end of every day. Checks on recorded amounts This includes the accounting system, all policies and procedures of the business, and the environment in which they operate. Effective personnel policies Every evening, a jewellery store removes all items of merchandise valued at over $100 from its display. Internal control structure Safeguards over assets and records These are policies and procedures that govern the identification, measurement, recording, and communication of economic information. Segregation of duties Every new employee is required to spend two days in training courses to learn company policies
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