1. Which of the following is a main internal control of fixed assets?

a. Purchasing of assets

b. Repair and maintenance of assets

c. Maintaining an asset register

2. What type of asset is a computer purchased with private funds?

a. Donor asset

b. Organizational asset

c. Information technology asset

3. Which of the following documents is suitable to provide reassurance that the recipient (community group, other NGO, etc.) of donated items has received full responsibility for them?

a. Partnership Agreement

b. Official certificate or letter of acceptance

c. Asset Register

d. Original specification for the asset

d. Always storing assets in a warehouse

Answer rating: 100% (QA)

1 The correct option would be c Maintaining an asset register Explan... View the full answer