Multiple Choice
All of the following are examples of a control activity except
A) limited access to assets.
B) review and reconciliation.
C) assignment of responsibility.
D) increasing the speed of collection on receivables.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Which of the following is <i>not</i> an
Q24: Cash does not include<br>A)currency.<br>B)money orders.<br>C)post dated cheques.<br>D)coins.<br>
Q25: In large companies, review and reconciliation is
Q26: NSF cheques received from customers are debited
Q29: The person responsible for making credit sales
Q30: Control over cash disbursements is improved if
Q31: An NSF cheque received from a customer
Q32: An effective control activity results when at
Q33: On a bank reconciliation, which of the
Q161: The responsibility for ordering receiving and paying