Internal Control Consists of the Related Methods and Measures Adopted

question 185

Short Answer

Internal control consists of the related methods and measures adopted to ____________ its assets and enhance the ______________ and ______________ of its accounting records.

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Definitions:

Customer List

A detailed list or database that contains information about a company's customers, including contact details, purchasing history, and preferences.

Pay Bills Window

A feature in accounting software that facilitates the management and payment of bills and invoices.

Journal Entry

A recording of a financial transaction in an accounting system.

Debits Checking

The act of verifying or recording amounts debited from a checking account.