Multiple Choice
The overall procedures adopted by a business to safeguard its assets, promote the reliability of accounting data and encourage compliance with management policies are:
A) internal controls.
B) bank reconciliations.
C) physical controls.
D) cash budgets.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Internal controls that apply to computerised accounting
Q11: The asset most commonly subject to misappropriation
Q12: The cash short and over ledger account,
Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3115/.jpg" alt=" A) $85 000
Q14: Which of the following statements relating to
Q16: Which of these is not necessarily one
Q17: Mechanical and electronic controls should be used,
Q18: When reconciling the ledger with the bank
Q19: Kathryn's account is not in overdraft. When
Q20: Malaysian Carpets makes all sales on credit,