Multiple Choice
Functions of an internal audit department include:
A) Resources used to generate revenues
B) Ensuring that hospitals comply with their financial record keeping
C) Reporting and recording of revenues and expenses
D) b & c
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Transactions summarized by account are called:<br>A) Journal<br>B)
Q9: Transactions are recorded chronologically in a journal.
Q10: A statement of cash flows includes:<br>A) Cash
Q11: Contra-asset is an asset that when increased,
Q12: A statement of cash flows provides information
Q14: To develop financial statements, transactions<br>A) Must be
Q15: In the accrual accounting method:<br>A) Revenues are
Q16: A balance sheet highlights assets, liabilities and
Q17: Which of the following is a standard
Q18: The "book" refers to transactions<br>A) Only done