Question: An example of an internal control is _____. A. the use of a bank account B. the use of pre-numbered checks C. the use of

An example of an internal control is _____. A. the use of a bank account B. the use of pre-numbered checks C. the use of checks with reference source documents. D. All of these answers are correct

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!

An example of an internal control is not: A. the use of unnumbered checks. B. all checks written must have reference source documents. C. the use of bank account. D. All of these answers are correct....

An example of an internal control is NOT: Question content area bottom Part 1 A . all checks written must have reference source documents. B . the use of bank checking account. C . the use of...

I'm an undergrad accounting student in an introduction to forensic accounting course.I need help getting started on a final project for this class over a fictitious company called the Grand Teton...

Assignment in attachment. Very simple assignment. Question 1 Cost of goods sold is determined only at the end of the accounting period in both a perpetual and a periodic inventory system. neither a...

Save Question 4 (5 points) An example of an internal control is the use of a bank account. the use of pre-numbered checks. the use of checks with reference source documents. All of the above Save...

Accounting Information System Multiple Choice Question 1. A set of two or more interrelated components that interact to achieve a goal is: a) A system b) An accounting information system c) Data d)...

1.)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 of a.)inadequate...

1. Choose From : Segregation of Duties Independent Internal Verification Documentation procedures Physical controls Human Resource control Establishment of responsibility Identify which control...

CLEAR BEAUTY LIMITED Clear Beauty Limited (CBL)is in the business of manufacturing and selling beauty products.These include; Luxury bathing soap, shower gels, creams, and cleansers. The company's...

Along with petty cash, expense receipts for postage, office supplies, etc., several post dated employee checks are in the petty cash fund. Which of the following statements is accurate regarding...

You are the auditor of Bubo Ltd (Bubo) for the financial year ending 30 June 2021. The fieldwork for the Bubo audit was completed on 21 August 2021 and the audit report is due to be signed on 12...

What is the pressure at the bottom of a 5 m tall column of fluid with atmospheric pressure 101 kPa on the top surface if the fluid is a) Water at 20C b) glycerine 25C or c) light oil

Problem 7-58 Multiple Products, Break-Even Analysis, Operating Leverage Carlyle Lighting Products produces two different types of lamps: a floor lamp and a desk lamp. Floor lamps sell for $30, and...

Calculate the minimum and maximum takt time for the given

5 There is also a need to think from different perspectives and at the different multifunctional, corporate and subsidiary levels. This requires managers to be open-minded, flexible and adaptable.

Whilst delayering and downsizing may be aspects of organizing which are contingent on responding to the needs of economic downturn, shareholders interests and efficiency, they may be less effective...

3 What specific practices, such as autonomous and cross-functional teams, and principles, such as empowerment, are best suited to which cultural contexts? How are these practices (with their...