Multiple Choice
Which of the following is not a common internal control procedure that would be implemented with regards to cash receipts?
A) Preparing a record of all cash collections immediately upon receipt
B) Providing copies of written receipts to customers
C) Depositing cash receipts in a bank on a timely basis
D) Marking supporting documents Paid when checks are signed
Correct Answer:
Verified
Correct Answer:
Verified
Q63: On September 30 the bank statement of
Q64: An error is considered material if it
Q65: Most audits result in unqualified audit opinions.
Q66: Which of the following is not a
Q67: How will a certified check be shown
Q69: If the financial statements cannot be relied
Q70: Assuming the entries used to record the
Q71: Which of the following is an internal
Q72: Segregation of duties in an organization should
Q73: Which of the following is not a