Multiple Choice
Having one person receive all cash and a different person post to the Accounts Receivable account in the general ledger is an example of
A) inadequate internal control.
B) duplication of effort.
C) independent check of performance.
D) segregation of duties.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q67: When two or more people get together
Q120: A strong system of internal control will
Q121: The use of automatic pre-authorized monthly bill
Q123: A bank overdraft occurs<br>A) after a bank
Q124: From an internal control standpoint, the asset
Q125: If a company deposits all its receipts
Q127: Employees sometimes commit fraud because of too
Q128: Jian Hua Dong filled up her vehicle
Q129: When one person is responsible for all
Q130: A debit card gives customers access to