Question: 1 7 Two cleris sharing the same cash register is a violation of which internal control principle? A ) Bond key employees B ) Maintain

17 Two cleris sharing the same cash register is a violation of which internal control principle?
A) Bond key employees
B) Maintain adequate records
C) Separation of duties
D) insure assets
E) Perform audits
1 7 Two cleris sharing the same cash register is

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The following are the financial statements of the parent company Alpha plc, a subsidiary company Beta and an associate company Gamma. On 1 January 20X5 Alpha plc acquired 80% of Beta plc for...

Q:

Two clerks sharing the same cash register is a violation of which internal control principle? Bond key employees. Maintain adequate records. Insure assets. Establish responsibilities. Apply...

Q:

Two clerks sharing the same cash register is a violation of which internal control principle ? Multiple Choice Establish Maintain adequate records Insure assets Bond key employees Apply technological...

Q:

es New Roma ' A A Aav Ao reverse IU de X, X? AD AED A Font Paragraph $ question. i) The following information is available for Birch Company at December 31: Money market fund balance $ 2800...

Q:

ou cannot take it within this timeframe, please contact me immediately. Any requests for an extension made clos r after the deadline will not be granted. nk you, Vitale Question 1 2 pts Internal...

Q:

Two clerks sharing the same cash register is a violation of which internal control principle? Establish responsibilities Maintain adequate records. Ensure assets. Bond key employees. Apply...

Q:

Question 1 2 pts Preparing a bank reconciliation on a monthly basis is an example of: O A technological control. O Establishing responsibility. O Separation of duties. O Protecting assets by proving...

Q:

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...

Q:

1. Which of the following is not one of the policies and procedures that make up an internal control system? A. Protect assets. B. Ensure reliable accounting. C. Guarantee a return to investors. D....

Q:

answers the question. Managers place a high priority on internal control systems because the systems assist managers in the A ) Prevention of avoidable losses B ) Planning of operation C ) Monitoring...

Q:

An internal control system is the policies and procedures that managers use to Multiple Choice Protect assets Ensure reliable accounting Promote efficient operations Encourage adherence to company...

Q:

PAL: Histology > Epithelial Tissue > Lab Practical > Question 2 Identify the highlighted structures.

Q:

A fan can deliver a total pressure of 437 mm of water gage. The boiler requirement is 14,078 m^3/hr of standard air and the mechanical efficiency is 89%. Determine the brake power in kW. Answer in...

Q:

A factory produces 5 0 0 0 0 units for the month of June. Although its budget output was forty thousand units in this case: Multiple choice a actual fixed costs per unit may be expected to exceed...

Q:

What is SQL DROP TABLE Statement??