How Many of These Are Internal Controls Relating to Accounts

question 10

Multiple Choice

How many of these are internal controls relating to accounts receivable?
Bad debts write-offs are authorised by a responsible officer.
All cash receipts are stored in a locked safe.
Monthly statements of account are sent to customers.

• A) None
• B) One
• C) Two
• D) Three

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Definitions:

Differential Association Theory

A sociological theory that suggests individuals learn deviant behavior from those close to them who provide models of and opportunities for deviance.

Deviant Cultures

Groups or societies that adopt behaviors and norms that significantly differ from or challenge those of the mainstream society.

Deviants

Individuals who act or behave in ways that deviate from the accepted norms or standards of their society or community.

Labeling

Refers to the process of classifying and naming behaviors, individuals, or groups based on perceived characteristics, often influencing how they are treated by others and self-identity.