Internal controls are procedures set up to:
A) Protect assets.
B) Ensure accounting reports are free from error,neutral and complete.
C) Promote efficiency.
D) Ensure company policies are followed.
E) All of these answers are correct.
Correct Answer:
Verified
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Q84: A corporation:
A) Is a legal entity separate
Q85: Accounting is an information and measurement system
Q86: A partnership:
A) Is also called a sole
Q87: Professional accountants can be:
A) Chartered Accountants.
B) Certified
Q88: An audit:
A) Is required for every business.
B)
Q91: A business:
A) Is one or more individuals
Q92: Career opportunities in accounting include:
A) Budgeting.
B) Auditing.
C)
Q93: The area of accounting aimed at serving
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