Multiple Choice
Which of the following controls can be applied to minimise the risk of under or over estimating revenue and expenditure amounts?
A) Independent approval of budget estimates
B) Ask operational managers to prepare budget estimates
C) Link budget values to performance monitoring
D) All of the options are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Describe how chart of accounts are used
Q2: Which of the following reports is not
Q4: Describe the difference between financial statements and
Q5: Why budgets are created and how budgets
Q6: Decisions relating to general journal entries would
Q7: It is often necessary to create one-off
Q8: A well-designed chart of accounts will:<br>A)support key
Q9: Online banking is unlikely to be helpful:<br>A)in
Q10: Which of the following statements regarding the
Q11: The main objective of the general ledger