Hanna’s Video Store maintains the following policies/procedures with regard to internal control. Indicate by letter which of the following control activities applies to each of the following policies/procedures:
_____ 1. Every day, all checks written are recorded in the accounting records using the information on the check stubs.
_____ 2. All stores utilize electronic theft detection systems.
_____ 3. Purchases of new DVDs must be approved by the store manager.
_____ 4. Daily sales are recorded in the accounting records by someone other than the sales associates.
_____ 5. The company maintains passwords that limit access to its computerized accounting records.
a. Proper authorization
b. Adequate documents and records
c. Restricted access
d. Security measures
e. Separation of duties

  • CreatedApril 29, 2014
  • Files Included
Post your question