urgent help!

M Which of the following is TRUE of internal control? A) A company's outside saditor is responsible for the company's internal control system B) One of the major purposes of internal control is to ensure accurate, reliable accounting records. C) Internal control procedures tend to diminish the importance of operational efficiency D) Daternal controls are only necessary for large businesses 11 4 Which is the MOST liquid of assets? A) Cash B) Accounts receivable C) Inventory D) Supplies s) A petty cash fund was established with a $250 balance. It currently has cash of 531 and petty cash tickets totaling $219. Which of the following would be included in the entry to replenish the fund? A) A credit to Petty cash for 5219 B) A debit to Petly cash for $31 C) A credit to Cash ia bank for $31 D) Debits to various expenses for $219 Petty cash is necounted for by maintaining a constant balance in the petty cash account, supported by the find (cach plus payment tickets) totaling the same amount. What is this system called? A) A control system B) A voucher system C) A balanced system D) An imprest system 0 A petty cash fund was established with a 5400 balance. It currently has cash of $9 and petty cash tickets as shown below, Travel expense $120 Office supplies 5200 Equipment fetal expense 570 The journal entry to replenish the account would be which of the following: A) Debit to Cash short & over for $1 B) Credit Cash short & over for 51 C) Debit Petty cash fund $1 D) Credit Petty cash fand 1 pedry cash fund was established with a 5100 balance. I cureatly bus cach of $15 and petty cash tickets as 22 shown below Travel expense Office supplies Equipment rental expense $120 $200 570 The journal entry to replenith the account would be which of the following A) Debit to Cash short over for $5 B) Credit Cash short & over for SS C) Debit Petty cash fund 55 D) Credit Petty cash fund $5 23 Which of the following is NOT ont of the purposes of internal control? A) To tocourage employees to follow company policy B) To safeguard the company's sets C) To cosure accurate, reliable accounting rocords