Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Two clerks sharing the same cash register is a violation of which internal control principle? Multiple Choice Establish responsibilities Maintain adequate records O. Insure assets

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Two clerks sharing the same cash register is a violation of which internal control principle? Multiple Choice Establish responsibilities Maintain adequate records O. Insure assets Maintain adequate records Insure assets Bond key employees Apply technological controls A good system of internal control Multiple Choice Encourages adherence to prescribed managerial policies Promotes operational efficiencies Eliminates the need for an audit Promotes operational efficiencies Eliminates the need for an audit Both encourages adherence to prescribed managerial policies and promotes operational efficiencies All of the above Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

The UCAS Guide To Getting Into Economics Finance And Accountancy At University

Authors: Ucas, Targetjobs.Co.UK

1st Edition

9781908077172

More Books

Students also viewed these Accounting questions