All of the Following Are Examples of Internal Controls Over

question 18

Multiple Choice

All of the following are examples of internal controls over cash except:

• A)depositing cash in the bank regularly.
• B)ensuring different people are responsible for receiving and depositing cash.
• C)ensuring that all cash transactions are recorded on a regular basis.
• D)maintaining a separate facility for the storage of perishable inventory.

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Definitions:

Lightning Strike

A lightning strike is a meteorological phenomenon where a discharge of electricity occurs between atmospheric clouds or between a cloud and the ground, often during thunderstorms.

Oil Refinery

An industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, and jet fuel.

Severe

Used to describe something extremely intense, serious, or harsh, often referring to conditions, penalties, or situations.

Public Nuisance

An act or omission that harms, injures, or endangers the public health, safety, peace, comfort, or convenience.