A business Checking account may be used for which of the following purchases?
A. Insurance for the office
B. Utility bills for the owner
C. Owner's car payment
D. Insurance for the owner's home
Answer: A
You might also like to view...
In assessing control risk for purchases, an auditor vouches a sample of entries in the voucher register to the supporting documents. Which assertion would this test of controls most likely support?
A. Classification. B. Occurrence. C. Completeness. D. Accuracy.
In an environment where most information technology is available to all, _____ that are originally developed to create a strategic advantage quickly become an expected standard business practice.
Fill in the blank(s) with the appropriate word(s).
A merge point refers to ______.
A. a node along the critical path B. a node with two or more immediate predecessors C. a node with two or more immediate and successive nodes D. a node that represents the point where cross-functional resources are pooled
Prices have a direct impact on a firm's bottom line
Indicate whether the statement is true or false