Physical Controls to Safeguard Assets Do not Include

question 125

Multiple Choice

Physical controls to safeguard assets do not include

• A)cashier department supervisors.
• B)vaults.
• C)safety deposit boxes.
• D)locked warehouses.

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Definitions:

Expense Accounts

Specific categories in accounting used to record and track money spent by a business on operational activities.

Debits

Entries that are made on the left side of an account ledger, representing an increase in assets or decrease in liabilities and equity.

Credits

Entries made on the right side of accounts, representing a decrease in assets or an increase in liabilities and equity.

Customers List

A compilation of information on clients who purchase goods or services from a business, often including contact details and purchase history.