The principle of establishing responsibility does not include
A) one person being responsible for one task.
B) authorization of transactions.
C) independent internal verification.
D) approval of transactions.
Correct Answer:
Verified
Q112: The principles of internal control include all
Q113: IFRS, compared to GAAP, tends to be
Q114: Management is responsible for establishing a system
Q115: Electronic Funds Transfer (EFT) is a disbursement
Q116: The custodian of the petty cash fund
Q118: Postage stamps on hand are considered to
Q119: A credit balance in Cash Over and
Q120: When opening a bank checking account, a
Q121: Trudy, Inc.had the following bank reconciliation at
Q122: Bacher Company developed the following reconciling information
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents