Inspecting is a step in the records filing procedures. Why should this step be a consistent part of the filing process?
A business record should not be stored until someone with authority marks it to be released for filing. Whatever action the record requires must be taken or noted prior to storage. Anyone storing records must be certain that action has been taken or noted in a reminder system. The cardinal rule for inspecting is to ensure that the record has been authorized for storage.
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Knollwood Corporation issued $281,000 of 30-year, 8 percent bonds at 106 on one of its semi-annual interest dates. The straight-line method of amortization is to be used. After 11 years, what is the carrying value of the bonds?
a. $289,430 b. $289,992 c. $288,025 d. $291,678
Leaders should recognize that attitudes ______.
A. are related to performance B. are solely dependent on the employee C. are not related to job meaning D. cannot be changed
SLE times APO gives the ________
A) expected per-event loss B) expected annual loss C) expected life cycle loss D) expected per-event benefit
"Tuition and fees should be recorded as revenues of colleges and universities even though they must be reported net of tuition refunds, scholarships, and fellowships." Do you agree or disagree with this statement? If you disagree, explain how refunds, scholarships, and fellowships should be recorded.
What will be an ideal response?