Physical Controls to Safeguard Assets Do Not Include

question 151

Multiple Choice

Physical controls to safeguard assets do not include

• A) cashier department supervisors.
• B) vaults.
• C) television monitors.
• D) security guards.

---

Definitions:

Accounting Equation

The fundamental equation stating that Assets = Liabilities + Equity, which is the basis of the double-entry bookkeeping system.

Accounts Payable

Liabilities of a business that are owed to creditors for goods and services purchased on credit but not yet paid.

Rent Expense

An expense incurred by a company for the use of a property or equipment.

Repair and Maintenance

Expenses incurred to keep an asset in working condition or to restore it to its desired condition, which do not extend the asset's useful life significantly.