Homework Answers
Established Responsibility :- One tast to one employee only.
Restrict Access:- Only authorised person have right to aceess
Segregation Duties :- One employee can not take all charges of all part of process
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Knowledge Check 01 Which of the following are common principles of internal control? (You may select...
Knowledge Check 01 How can a company enhance its document procedures? (You may select more than...
Knowledge Check 01 How can a company enhance its document procedures? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) U Assign sequential numbers to documents O Check to ensure that each document number corresponds...
Knowledge Check 01 Identify cash equivalents from the listed items. (You may select more than one...
Knowledge Check 01 Identify cash equivalents from the listed items. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Money market funds Supplies Three-month Treasury bills Accounts receivable Prepaid rent
Knowledge Check 01 Which of the following explain why internal controls can never completely prevent and...
Knowledge Check 01 Which of the following explain why internal controls can never completely prevent and detect errors and frauds? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) The costs of controls always exceed...
You are the new payroll supervisor for your company. Which payroll documentation control procedures are now your responsibility?
You are the new payroll supervisor for your company. Which payroll documentation control procedures are now your responsibility? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)Payroll system security.Training of payroll staff.Notification of individual employee...
Select the items below which must be adjusted to the book balance: You may select more than one answer
Knowledge Check 01 Select the items below which must be adjusted to the book balance: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect) deposits in transit book error break erroroutstanding checks interest earned on checking accountcollections of accounts receivable...
Required information 6 Part 2 of 2 Knowledge Check 01 The journal entry to acquire materials...
Required information 6 Part 2 of 2 Knowledge Check 01 The journal entry to acquire materials on credit for factory use includes which two of the following? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as...
Tara Morris, a payroll clerk, has received a promotion and is now the payroll supervisor for...
Tara Morris, a payroll clerk, has received a promotion and is now the payroll supervisor for Fligen Enterprises. What document control tems could now become her responsibility? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer Any boxes left with a question mark will be automatically graded as...
The Cash table below contains seven attributes. Which of those could possibly be foreign keys? (You may select more than one answer.
Required: The Cash table below contains seven attributes. Which of those could possibly be foreign keys? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with E the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Cash Receipt:
Which of the following statements are true about state and local income taxes? (You may select...
Which of the following statements are true about state and local income taxes? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) State tax rates on employee earnings vary among states.unanswered Certain states have no...
Which of the following statements about credit sales are true? (You may select more than one...
Which of the following statements about credit sales are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Revenue is reported when the company is paid by the customer.unchecked Accounts receivable arise from credit...
Knowledge Check 01 How can a company enhance its document procedures? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) U Assign sequential numbers to documents O Check to ensure that each document number corresponds...
Knowledge Check 01 Identify cash equivalents from the listed items. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Money market funds Supplies Three-month Treasury bills Accounts receivable Prepaid rent
Knowledge Check 01 Which of the following explain why internal controls can never completely prevent and detect errors and frauds? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) The costs of controls always exceed...
Required information 6 Part 2 of 2 Knowledge Check 01 The journal entry to acquire materials on credit for factory use includes which two of the following? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as...
Tara Morris, a payroll clerk, has received a promotion and is now the payroll supervisor for Fligen Enterprises. What document control tems could now become her responsibility? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer Any boxes left with a question mark will be automatically graded as...
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