Which of the following pairs of accounts could not be included in the same adjusting entry?
A) Unearned Revenue and Service Revenue
B) Wages Expense and Wages Payable
C) Interest Expense and Interest Receivable
D) Rent Expense and Rent Payable
C
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Recording an expense to conceal fraud involves making a fictitious journal entry. A faulty journal entry is an example of which fraud symptom?
a. Accounting anomaly b. Internal control weakness c. Unusual behavior d. Analytical anomaly
Answer the following statements true (T) or false (F)
1. Many corporations are finding themselves appointing ethics officers. 2. Ethical auditing can be defined as the regular comprehensive evaluation of the compliance of the firm’s ethical policies and procedures. 3. The ethical auditing process is an evaluation tool used by management to ensure that the ethical conduct described in the code of ethics is enforced throughout the organization. 4. Whistle-blowing is the process in which an employee informs another responsible party in the company about potentially unethical behavior. 5. Many companies find that setting up hotlines and other reporting mechanisms for reporting environmental programs is quite difficult to accomplish.
Which of the following is not a statutory right afforded to union health and safety representatives in the UK:
a. to carry out workplace investigations and inspections b. to make recommendations to employers c. to be consulted over health and safety issues d. to organise remedies to minor infringements
When a customer presents a merchant with a debit card to purchase goods, the transaction is called a(n)
a. EFTS transfer. b. ATM transaction. c. VISA transaction. d. POS transaction.