Describe the internal control principles applicable to the sales and receivables cycle and the purchases and payments
Question:
Describe the internal control principles applicable to the sales and receivables cycle and the purchases and payments cycle.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Internal Controls which are the policies and procedures ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
Question Posted:
Students also viewed these Business questions
-
Describe the internal control principle of Risk Assessment as presented in COSOs 2013 Framework, SOX 2002 Sections 404 & 302, and PCAOBs AS 5. Compare the internal control effectiveness of the...
-
Describe an internal control that would prevent an employee from removing a computer and then reporting it as scrapped.
-
Describe briefly an internal control activity that would prevent a paid disbursement voucher from being presented for payment a second time.
-
The global survey we learned about in Exercise 49 also asked respondents how they felt about the statement "I try to avoid eating fast foods." The random sample of 800 included 411 people 35 years...
-
1. Are the present pricing policies of the major pharmaceutical companies ethically justifiable? Explain your view. 2. Are companies in less developed countries ethically justified in producing and...
-
The eye bolt is subjected to the cable force F which has a component Fx along the x axis, a component Fz along the z axis, and a coordinate direction angle β. Determine the magnitude of F....
-
In a second system of pulleys, there are 5 pulleys in each block. If an effort of 150 N can just lift a load of 1400 N, find (a) the effort wasted in friction, and (b) load wasted in friction.
-
On March 20, Batavia's petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage $52, freight-out $26, and travel expense $10. Prepare the journal entry to...
-
At 31 January 2012 Waterloo plc and Templemead plc both have in issue 12 million ordinary shares. In addition, Waterloo plc has in issue 1,600,000 of convertible debentures, carrying an annual coupon...
-
1. 3. 5. 7. 9. 11. passive : change:: active: O movement O increase O flight stagnation convent: cloister :: eyrie: O hide nest O open show rotate: energy :: stop: O brake Ostart Orun push fumble:...
-
Jewels, Jewels and More Jewels Ltd is one of the largest sellers of diamonds in Australia. It has more than 50 stores nationwide and sells on the internet as well. This morning, Jane Peterson, one of...
-
In the 2014 annual report for Dominos Pizza Enterprises Ltd, Don Meij, the chief executive officer/managing director of Dominos, stated at the end of his report: Future Developments In Australia and...
-
What is a value-weighted index? Explain the impact that large firms have on value-weighted indexes such as the S&P 500.
-
Monetary Policy and Money Markets a. Graph the demand and supply of money at equilibrium. Identify the area of excess supply of money and excess demand for money. b.Graph the impact of contractionary...
-
suppose we have a country w/ fixed exchange rate regime. the country just experienced a natural disaster (SRAS curve shift inward). a) should they devaluate or revaluate their currency to resolve...
-
1. A rocket, on a launch platform has a total mass (including fuel) of 4.0 x 10^3 kg. If the combustion gasses are expelled with a velocity of 2.0 x 10^3 m/s. a. What is the mass of the gas leaving...
-
1.) If the goal of Healthy People 2040 is increase life expectancy for all Americans to age 105 and achieved this would be an example of A. Efficiency B.Roll Back C.Half Cycle Correction D. Efficacy...
-
The next series of questions uses the following table. The table contains 5 columns: Quantity Q, Price P, Total Revenue TR, Total Cost TC, and Total Profit. You are given the numbers for the 1st,...
-
Show that if A2 is the zero matrix, then the only eigenvalue of is 0.
-
From the choice of simple moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why? please write it in word...
-
Discuss the use of testimonials in advertising. Which of the four AIDA steps might testimo nials accomplish? Are they suitable for all types of products? If not, for which types are they most...
-
Discuss the future of smaller advertising agencies now that many of the largest are merging to form mega-agencies.
-
Does advertising cost too much? How can this be measured?
-
Given data below answer the question. Cash Accounts receivable $ 10,200 Cash dividends 15,200 Consulting revenue Office supplies 3,550 Rent expense $ 2,340 15,200 3,910 Office equipment 18,310 Land...
-
Last year, a city had three school districts: North with a population of 5200 children, South with a population of 10600 children, West, with a population of 15100 children. Use Hamilton, Adams,...
-
Prepare the journal entry to record pension expense and the employer ? s contribution to the pension plan in 2 0 2 0 . ( Credit account titles are automatically indented when amount is entered. Do...
Study smarter with the SolutionInn App