Multiple Choice
Which one of the following reflects a weak internal control system?
A) all employees are well supervised
B) a single employee is responsible for comparing a receiving report to an invoice
C) all employees must take their vacations
D) a single employee is responsible for collecting and recording of cash
Correct Answer:
Verified
Correct Answer:
Verified
Q4: List the principal advantages of electronic funds
Q38: Procedures designed to protect cash from theft
Q51: A $135 petty cash fund has cash
Q74: Depositing all cash, checks, etc., in a
Q111: For each of the following, explain whether
Q122: The cash account in the company's ledger
Q133: The debit recorded in the journal to
Q166: charges for some other company's safe deposit
Q167: Match the following elements of internal control:<br>-control
Q170: What are the processes and procedures a