Multiple Choice
The controller at Business Services Consulting needs new computers for the accounting department.However,there are no guidelines specifying whether the controller can approve purchases of office equipment.Which internal control procedure needs strengthening?
A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents
Correct Answer:
Verified
Correct Answer:
Verified
Q120: City Advertising Services hired a new accounting
Q121: Superstore Electronics reported the following figures
Q122: For strong controls over cash receipts,the checks
Q123: The bank recorded a $3,000 deposit as
Q124: Companies receive cash either over the counter,through
Q126: A basic procedure of internal control over
Q127: Journal entries are required if the bank
Q128: A way to account for petty cash
Q129: Which of the following is TRUE of
Q130: For good internal control,the purchasing agent should