Internal Control Over a Company's Assets Should Include the Following

question 164

Multiple Choice

Internal control over a company's assets should include the following policy:

• A) Responsibilities and duties of employees will be divided.
• B) All cash receipts will be deposited into the bank the same day they arrive.
• C) All cash payments will be made by cheque (except petty cash).
• D) All of these answers are correct.

---

Definitions:

Holographic

Related to or produced by holography, a photographic technique that records the light scattered from an object and then presents it in a way that appears three-dimensional.

Alzheimer's

A progressive neurodegenerative disorder characterized by cognitive decline and memory loss, often leading to dementia.

Probate Judge

An official who deals with matters related to the proving of wills and the administration of estates of deceased persons.

Probate Will

The legal process by which a deceased person's will is validated by a court, and the estate is distributed according to the will's terms.