An organization has a policy requiring the dual counting of all incoming cash receipts. Which control activity is being used here?
a. Segregation of duties
b. Proper authorizations
c. Physical safeguards
d. Documents and records
a
FEEDBACK: a. Correct.
b. Incorrect.
c. Incorrect.
d. Incorrect.
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An importer accelerates payment of the necessary currency exchange (leads) when she thinks the currency will devalue in terms of the foreign payment currency.
Answer the following statement true (T) or false (F)
A credit means:
A) the event had a favorable impact on the entity's financial statements. B) the event had an unfavorable impact on the entity's financial statements. C) the event had an effect on the right side of the T-account. D) the event had an effect on the liabilities.
A generic market definition includes all of the following EXCEPT
A. customer type. B. geographic area. C. customer needs. D. product type.
What provides periodic updates of what is occurring in the business?
A) performance reports B) records C) reports used for decision making D) data capture forms