Identify four controls that can aid in preventing or detecting errors or irregularities in recording cash receipts.
Question:
Identify four controls that can aid in preventing or detecting errors or irregularities in recording cash receipts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Four controls that can aid in preventing or detecting errors or irregularities in recording cash rec...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Field, CPA, is auditing the financial statements of Miller Mail order, Inc. (MMI) for the year ended January 31, 2008. Field has compiled a list of possible errors and irregularities that may result...
-
Field, CPA, is auditing the financial statements of Miller Mailorder, Inc. (MMI) for the year ended January 31, 2002. Field has compiled a list of possible errors and irregularities that may result...
-
An assistant on the Carter Company audit has been working in the revenue cycle and has compiled a list of possible errors and fraud that may result in the misstatement of Carter Companys financial...
-
Describes 7shifts' pioneering role in revolutionizing restaurant management through cloud-based solutions.
-
One iron nail does not necessarily attract another iron nail, although both are attracted by a magnet. Explain.
-
1. You are willing to pay $2,000 to have your house painted, and Pablos marginal cost of painting a house is $1,400. If you agree to split the difference, the price is ______, your consumer surplus...
-
Explain what you understand by the elements of cost.
-
Bassically Jammin, Inc. (BJI) is a retail outlet for customized bass guitars. The average cost of a bass guitar to the company is $1,000. BJI includes a markup of 50% of cost in the sales price. In...
-
Find the geometrical name of the object shown below. O Triangular prism Hexagonal prism Square prism O Rectangular prism
-
a. Identify the functions pertaining to sales adjustments transactions. b. State three types of controls pertaining to sales adjustments transactions and identify their common focus.
-
a. What is a lockbox system, and how can it affect control risk for cash receipts transactions? b. What is the meaning of deposited intact daily, and how does this control affect control risk for...
-
Consider the following situations: a stick of dynamite exploding deep within a mountain cavern, the titration of an acid with base in a laboratory, and a cylinder of a steam engine with all of its...
-
Evaluate xIn(x) dr
-
China's automobile firms lead the world in electric vehicle (EV) and automotive software, but rely almost entirely on chips imported from United States, Europe and Taiwan ( The Economist)Links to an...
-
The project bond is a 10 year issue with fixed rate coupon 5.5% per annum. At the end of sixth (6 th ) year from its issuance, the Credit Rating Agency downgrades the project bond to BB+...
-
Evaluate the skills and practices characteristic of exemplary technical leadership. Describe and reflect on which skills and practices are the most important to a technical leader's ability to manage...
-
Explain the difference between a credit card and a debit card based on what you learned in this domain. Describe why it is recommended in this domain that you use a credit card for online purchases?
-
Calculating Present Values a 5-year annuity often $6,000 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 10 percent...
-
D Which of the following is considered part of the Controlling activity of managerial accounting? O Choosing to purchase raw materials from one supplier versus another O Choosing the allocation base...
-
Paste X v Calibri (Body) <11 14 BIU fx v A 10 h Wrap Text Merge & Center C D E F The following data from the just completed year are taken from the accounting records of Fatimah Company (in dollars):...
-
Eisner Company has an opportunity to manufacture and sell a new product for a five-year period. The company estimated the following costs and revenues for the new product: S Cost of new equipment...
-
Novak Pix currently uses a six-year-old molding machine to manufacture silver picture frames. The company paid $94,000 for the machine, which was state of the art at the time of purchase. Although...
Study smarter with the SolutionInn App