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Needing help on a huge study guide, could you show me the work please (: Thank you so much A. Eliminates the Hek of loss
Needing help on a huge study guide, could you show me the work please (: Thank you so much
A. Eliminates the Hek of loss C. Mominae snd ol bsis activnies C. Eliminates human error D. Eliminntes the need for eudits E. Is not necessnry in large companies 14. When two clerks share the same cash register, which internal control principle is violate? register, which A. Establish responsibilities B. Maintain ndequnte records C. Insure assets D. Bond key employees E. Apply technological controls 15. Pre-numbered printed checks are an example of which internal control principle? A. Technological controls B. Maintain adequate records C. Perform regular and independent reviews D. Establish responsibilities E. Divide responsibility for related transactions 16. A credit sale of $2,500 to a customer would result in: A. A debi it to the Accounts Receivable account in the general ledger and a debit to the customers account in the accounts receivable ledger B. A credit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable ledger C. A debit to the Accounts Receivable account in the general ledger and a credit to the customer's account in the accounts receivable ledger D. A credit to the Accounts Receivable account in the general ledger and a debit to the customer's account in the accounts receivable ledger E. A credit to Sales and a credit to the customer's account in the accounts receivable ledger 17. Acme Company has an agreement with a major credit card company which calls for cash to be received immediately upon deposit of Acme customers' credit card sales receipts. The credit card company receives 3.5% of card sales as its fee. If Acme has $2,000 in credit card sales, which of the following statements is true? A. Acme debits Cash $2,000 B. Acme debits Cash S1,930 C. Acme debits Accounts Receivable - Credit Card Co $2,000 O. Acme debits Accounts Receivable - Credit Card Co $1,930 dits Sales $1,930Step by Step Solution
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