Question

UA COmpany must roenny ns risRS 11. Rearranging plain-text messages by a mathematical process is known as A) password B) phishing С) encryption D) virus 12. Two or more people working together to circumvent internal controls and defraud a company is known as A) encrуption B) firewall ) collusion D) separation of duties 13. Which of the following is the last step in the daily control over cash receipts by mail? A) A mailroom employee sends all customer checks to the treasurer who has the cashier make the bank deposit B) The controller opens the mail and sends the remittance advices to the ace C) The controller compares the records of the day's bank deposit amount from the treasurer and the debit to Cash from the accounting department D) The accounting department prepares journal entries to cash and the customers' accounts nting department. 14. Which of the following is used by companies to separate cash duties and establish stronger control over cash receipts? A) an encryption system B) an imprest system C)a lock-box system D) a firewall system 15. Mercury Company established a petty cash fund with a $500 balance. Which of the following statements is incorrect? A) A journal entry is needed to debit the Cash account and credit the Petty Cash account for $500 B) There is no net effect on current assets C) The sum of the cash plus the total of the petty cash tickets should equal $00 at all times D) The petty cash custodian cashes a check for $500 and places the currency in the petty cash fund box Page 3 of 5

Answer 1

Solufibn Keananging dain tex wa gages by a wathenatical proce naan as Ercayptionn Gptionc Coret Onty atttheized paoties can acces -his encoded matsage. Encwy ption fs the pnarj metod that poovides cecurity in e-Commerce The asd or Secee ouided tothe authon zed pexson tod decode or deCypt the encrypted wafkige. 12) Ruo more peapte wong ogethex to ciscumvent internal Costaol and defraud a Ts Collusion Company o ption c is cosect