A customer payment of $247 was correctly posted in the general ledger but was recorded as $274 in the customer's account receivable. Describe a specific internal control procedure that would detect this error


Reconcile the accounts receivable control account to the accounts receivable subsidiary ledger; compare control totals of cash received with total credits to A/R subsidiary ledger.

Business

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Answer the following statements true (T) or false (F)

1. Inclusion-seclusion is an external dialectic. 2. An individual’s culture is likely to influence decisions about what should or should not be revealed. 3. Taylor does not need to weigh the risk–benefit criteria when considering whether she should disclose private information. 4. Totality emphasizes interdependence between relationship partners. 5. Boundary permeability refers to how much information is easily passed through that boundary.

Business

Keeping a survey short and simple and contacting customers no more than once a month are two keys to drawing people into the data collection effort

Indicate whether the statement is true or false

Business

A Limited Liability Company is a business entity form designed to overcome some of the disadvantages of the partnership form

Indicate whether the statement is true or false

Business

Which of the following is NOT a problem that diversity causes for a team?

a. Inappropriate cognitive categorization of people b. Differential treatment of group members by the leader c. Increased stress within the team d. Social competition within the team

Business