When two clerks share the same cash register it is a violation of which internal control principle?
A) Establish responsibilities.
B) Maintain adequate records.
C) Insure assets.
D) Bond key employees.
E) Apply technological controls.
Correct Answer:
Verified
Q61: Prenumbered printed checks are an example of
Q62: Cash equivalents:
A) Are readily convertible to a
Q63: An internal control system consists of all
Q64: A remittance advice is:
A) An explanation for
Q65: Internal control policies and procedures have limitations
Q67: Preparing a bank reconciliation on a monthly
Q68: A bank statement includes:
A) A list of
Q69: Cash equivalents:
A) Include savings accounts.
B) Include checking
Q70: Basic bank services include:
A) Bank accounts.
B) Bank
Q71: A check involves three parties:
A) The writer,
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