Match the description of the controls with the financial area the control would pertain to. (some matching items may be used more than once)

Question Items

A - All check stock must be locked up when not in use. - Cash

B - Review all employee advances with the payroll and payables staff at least once per month. -

C - Require approval of bad debt writeoffs. - Debt

D - Audit shipment terms. - Inventory

E - Require approval of bad-debt writeoff. - Debt

F- Review Uncashed Checks. - Cash

G- Audit the receiving dock. - Inventory

H - Compare capital investment projections to actual results. - Fixed Assets

I - Require supervisory approval of all borrowings and repayments.

J - Require approval of credits. -

K- Perform a physical inventory of plant equipment every three months. - Fixed Assets

Matching Items

Answer Items

A. Cash

B. Accounts Receivable

C. Prepaid Expenses

D. Fixed Assets

E. Debt

F. Inventory