Multiple Choice
Which of these is not a principle of internal control?
A) Separation of record keeping and custody of assets
B) Division of responsibility for related transactions
C) Establishing clear lines of responsibility
D) Placing excess cash on fixed deposit to earn interest
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Which of these is not a good
Q2: How many of these are features of
Q4: If the petty cash fund was not
Q5: The correct order in which the steps
Q6: Which of these is a principle of
Q7: Mojo Ltd received its monthly bank statement
Q8: Fletcher and Associates had an unadjusted bank
Q9: Bendigo Resources makes all sales on credit
Q10: Internal controls that apply to computerised accounting
Q11: The asset most commonly subject to misappropriation