Multiple Choice
By maintaining a well-defined, complete chart of accounts, an organization minimizes the related risk of:
A) Fraud and errors
B) Invalid general ledger postings
C) Theft and fraud
D) Amounts posted to wrong accounts
Correct Answer:
Verified
Correct Answer:
Verified
Q79: When management designs and implements effective administrative
Q80: General ledger employees should record journal vouchers,
Q81: Today's automated accounting process:<br>A)Is built on a
Q82: The sales journal would have columns for
Q83: Within the conversion processes, systems and controls
Q85: Today's automated accounting process:<br>A)Helps the user by
Q86: While using a manual general ledger system,
Q87: Special journals include the:<br>A)Accounts receivable journal<br>B)Accounts payable
Q88: Subsidiary ledgers:<br>A)Would not contain the detailed information
Q89: Which of the following statements is true