**THESE ARE ACCOUNTING MULTIPLE CHOICE QUESTIONS**

Please help me with these, I don't know the answers.

Which of the following is an objective of internal control?

9.)

A.

to ensure timely collection of accounts receivable

B.

to encourage employees to follow company policies

C.

to ensure timely payment of accounts payable

D.

to guarantee that a business makes a profit

10.)

11.)

Which of the following is an attribute of the internal control

procedurelong dashcompetent,

reliable, and ethical personnel?

A.

the need to train and supervise employees

B.

monitoring of internal controls by external auditors

C.

providing cross training to allow sales personnel to record revenue transactions

D.

purchase of burglar alarms

A petty cash fund was established with a $550 balance. It currently has cash of $105 and petty cash tickets as shown below: Travel expense Office supplies expense Equipment rental expense $310 Which of the following would be the journal entry to replenish the Petty Cash account? B. debit various expenses $445, credit Petty Cash $445 O C. credit Petty Cash $445, debit Cash $445 D. debit Cash $105; credit various expenses $105