Which of the Following Is not a Necessary Internal Control

question 144

Multiple Choice

Which of the following is not a necessary internal control procedure for the replenishment of the petty cash fund?

• A)Segregation of duties.
• B)Documentation procedures.
• C)Independent internal verification.
• D)Employee background check.

Understand the importance of equality, mutuality, and shared leadership in collaborative relationships.

Distinguish between different types of nonprofit-corporate relationships and their implications.

Understand the concept of reinforcement value and its role in determining preferences for events according to Rotter.

Comprehend Lewin's field theory, including the impact of force fields on behavior within a given field.

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Definitions:

General Fund

A main operating fund in governmental accounting, covering most basic services and activities.

Direct Increase

An increase in the value or quantity of an asset or account directly due to additional investments or improvements, rather than through earnings.

Capital Assets

Long-term assets acquired for use in business operations, expected to be used or held for more than one financial period.

Capitalized

Costs that are recognized as part of an asset on the balance sheet rather than being expensed, often related to the acquisition or construction of a long-term asset.