Multiple Choice
When it comes time to replenish petty cash, how should it occur?
A) It should be replenished in even $100 increments.
B) It should be replenished to the projected amount needed by its manager.
C) It should be replenished by totaling its receipts.
D) It should be replenished during the adjustment process routinely, regardless of its use.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: One traditional approach for designing an AIS
Q29: Explain the Specific objectives of internal control?
Q30: Internal controls over cash involve daily cash
Q31: The golden rule of separation of duties
Q32: Which of the following is NOT a
Q34: Transaction processing controls are those controls that
Q35: Controls in manual systems will be exactly
Q36: When a systems developer is working with
Q37: One specific objective on internal control is
Q38: One specific component of internal control is