Which of the Following Is NOT a General Control

question 84

Multiple Choice

Which of the following is NOT a general control?

• A) Processing controls
• B) Procedures for documenting, reviewing and approving systems and payments
• C) Hardware controls
• D) The plan of organisation and operation of IT activity

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Definitions:

Sales On Account

Transactions where goods are sold or services are provided with an agreement that payment will be made at a later date.

Cost Of Goods Sold

The total expense directly related to the production or acquisition of the goods sold by a company.

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with quickly convertible assets.

Financial Statements

Records that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.