11, A properly desianed internal control system in a key part of accounting Information systems design, analysis and performance Tre Falee 12, The une of internel controls provides guaraunteed proteetion against losses due to operating activities True False 13. Internal control policies and procedures are the same for all companies True False Tuate business records is an important Intemal control prinedple. 14. Maintaining adequate True False 15. Proper intermal control means that the responsibility for a task is clearly established and assigned to one person. True False 16. Accounts receivables occur from credit sales to customers. True Fale 17. Credit sales are recorded by crediting an account receivable for the specifie customer who is making the purchase. True False 18. As long as a company accurately records total credit sales information, it is not necessary to have separate accounts for specific customers. True False 19. If a customer owes interest on accounts receivable, the Interest Revenue account is debited and Accounts Receivable is credited. True False 20. If a credit card sale is made, the seller can either debit Cash or debit Accounts recelvable when the sale occurs. True False