The Bookkeeper Recorded the Following Journal Entry Which One

question 71

Multiple Choice

The bookkeeper recorded the following journal entry Which one of the following statements is false?

• A)This entry is only prepared on the last day of the accounting period.
• B)There should be written authorization for this transaction from someone who does not have responsibilities related to recording cash.
• C)There could be a violation of internal control policies.
• D)James' account was written off because it was determined to be uncollectible.

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Definitions:

Malicious Prosecution

A legal action against someone who has wrongfully instituted criminal or civil proceedings against another person with malicious intent and without probable cause.

Criminal Proceedings

Criminal proceedings are legal processes in a court of law dealing with the accusation, trial, and sentencing of a person alleged to have committed a crime.

Abuse Of Process

The misuse or misapplication of legal procedures for ulterior purposes, not intended by law.

Nuisance

An act, thing, or situation that causes annoyance or inconvenience.