1. Internal control is defined, in part, as a plan that sateguards a. all balance sheet accounts. b. assets. c. 1iabilities. d. capital stock. 2. Having one person post entries to accounts receivable subsidiary Ledger and a different person post to the Accounts Receivable Control account in the general ledger is an example a. inadequate internal control. b. duplication of effort. c. external verification d. segregation of duties. of 3. The custodian of a company asset should a. have access to the accounting records for that asset. b. be someone outside the company c. not have access to the accounting records for that asset. d. be an accountant. 4. If employees are bonded a. it means that they are not allowed to handle cash b. they have worked for the company for at least 10 years c. they have been insured against misappropriation of assets. d. it is impossible for them to steal from the company. 5. A deposit made by a company will appear on the bank statement as a a. debit. b. credit c. debit memorandum. d. credit memorandum. 6. A check returned by the bank marked "NSF" means a. no service tee b. no signature found. c. not satisfactorily filled-out. d. not sufficient funds. 7. A debit memorandum would not be issued by the bank for a. a bank service charge. b. the issuance of traveler's checks. c. the wiring of funds. d. the collection of a notes receivable