Accounting $-$ Compliance in Accounting

Which one of the following makes for an effective control environment with regard to commitment to competence?

A

Ensure independence from management.

B

Enhance communication between senior management and operational management.

C

Develop a culture in which competence and quality are openly valued.

D

Reduce the pressure to meet unrealistic short$-$term performance measures.

Which of the following errors will cause a trial balance to be out of balance?

A

Posting a debit to Land as a debit to Machinery.

Placing a debit balance amount into the credit balance column of the ledger.

Omitting an entire transaction.

D

Incorrectly recording the purchase of land for cash as a debit to Cash and a credit to Land.