Which of the following is not a limitation of internal control?
A) cost of establishing control procedures
B) the human element
C) use of a bank account
D) the size of the company
Correct Answer:
Verified
Q22: Deposits in transit require an adjustment to
Q23: NSF cheques received are accounted for by
Q26: When the cash account has a credit
Q27: A compensating balance is always reported as
Q28: Idle cash should be reported as restricted
Q32: Internal controls may be limited by each
Q33: Which one of the following is not
Q34: All of the following are examples of
Q35: All of the following are examples of
Q36: Which of the following statements is true?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents