Administrative agencies are, in effect, a fourth branch of the government

Indicate whether the statement is true or false


True

Business

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Which transaction(s) would not be reported in the sales journal?

a. return of merchandise on account; b. cash sales; c. sales on account; d. B & C; e. A & B

Business

All of the following are examples of internal control activities except

a. rotation of key personnel. b. company picnics for all employees. c. bank reconciliations. d. insistence that employees take earned vacations.

Business

Generally accepted accounting principles

A) are changing continually. B) are sound in theory but rarely used in practice. C) have eliminated all weaknesses in accounting practice. D) are accounting rules formulated by the Internal Revenue Service.

Business

Which is a trend affecting how service desks are run?

A. Increasing complexity in number and types of support levels B. Insourcing and less reliance on best practice frameworks C. Multichannel and global support requirements D. Less technically savvy customers

Business