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HI, PLEASE CAN YOU MAKE IT HURRY I ONLY HAVE A LITTLE TIME, THANK YOU D. Classify the following controls as preventive, defective or corrective:
HI, PLEASE CAN YOU MAKE IT HURRY I ONLY HAVE A LITTLE TIME, THANK YOU
D. Classify the following controls as preventive, defective or corrective: (a) Internal auditor rechecking the debits and credits on the payment voucher. (b) Separation of cash and accounting records. (c) Maintaining backup copies of master and transaction files. (d) Prenumbering of sales invoices. (e) Periodic bank reconciliation. (f) Resubmission of transaction for subsequent processing. (3 Marks) E. Distinguish between financial reporting system (FRS) and management reporting system (MRS). (2 Marks) F. General ledger system database includes a variety of files. Explain TWO (2) of general ledger database system files. (4 Marks) G. Explain TWO (2) types of data coding schemes and give ONE (1) example for each. (4 Marks)Step by Step Solution
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