Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 25, 2024

The principles of internal control include: A. Separate recordkeeping from custody assets. B. Use only computerized systems. C. Maintain minimal records. D. Require automated sales

The principles of internal control include:

A. Separate recordkeeping from custody assets.

B. Use only computerized systems.

C. Maintain minimal records.

D. Require automated sales systems.

E. Bond all employees.

which one is incuded in the principles of internal control?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EBay Sales Tracker Quick And Easy Bookkeeping System

Authors: Queen Thrift

1st Edition

B08KJ5FJND, 979-8692592774

More Books

Students also viewed these Accounting questions

Question

★★★★★

Atlantic Corporation provides a cafeteria for its employees. The meal charges are set at a sufficiently high level that the employees are not taxed on the subsidized eating facilities. Are Atlantic's...

Answered: 1 week ago

Question

★★★★★

4-11. The PHR and SPHR Knowledge Base, found in Appendix A, lists the knowledge someone studying for the HRCI certification exam needs to have in each area of human resource management (such as in...

Answered: 1 week ago

Question

★★★★★

Discuss how students expectations for success, value of the task, and perceptions of cost can influence motivation.

Answered: 1 week ago

Question

★★★★★

Journalize the following labor-related transactions for Portland Glass at its plant in Portland, Oregon. Assume that the labor has been incurred, but not yet paid. Plant janitors wages...... $ 650...

Answered: 1 week ago

Question

★★★★★

Does it matter whether pension information is disclosed in formal financial statements or as supplemental disclosure? Explain

Answered: 1 week ago

Question

★★★★★

Calculate the work done in raising a 10 kg bag of potatoes off the ground to a table: That is 1.5 m above the ground. The bag is lifted without acceleration. Calculate the work done in moving the...

Answered: 1 week ago

Question

★★★★★

You have just been engaged as the external auditor for a medium-sized automotive servicing organization. The organization obtains most of its revenue in three ways: (a) it services motor-vehicle...

Answered: 1 week ago

Question

★★★★★

You are a staff information systems auditor in a public accounting firm. The firm has just acquired a new client-a small manufacturing organization. The client uses a minicomputer for its data...

Answered: 1 week ago

Question

★★★★★

The accounting department of a small company is responsible for payment of creditors. It receives a copy of each purchase order issued, a receiving document when the goods arrive, and the vendor's...

Answered: 1 week ago

Question

★★★★★

You are on the staff of an external audit firm that audits a small to medium-size financial institution. One day you receive a copy of a letter from the president of the financial institution to the...

Answered: 1 week ago

Question

★★★★★

As discussed in the chapter, many audit organizations now follow the "cycles" approach when evaluating an internal control system. This approach involves classifying transactions by cycles,...

Answered: 1 week ago

Question

★★★★★

Do teachers across cultures differ in immediacy? Explain.

Answered: 1 week ago

Question

★★★★★

Are learning styles among students different across cultures? Explain.

Answered: 1 week ago

Question

★★★★★

What are some of the factors that affect patientprovider communication?

Answered: 1 week ago

Previous Question Next Question