Daylight Corporation's Organization Chart Provides for a Controller and an Information

question 13

Multiple Choice

Daylight Corporation's organization chart provides for a controller and an information processing manager, both of whom report to the financial vice-president.Internal control would not be strengthened by:

• A)Assigning the programming and operating of the computer to an independent control group which reports to the controller
• B)Providing for maintenance of input data controls by an independent control group which reports to the controller
• C)Rotating periodically among machine operators the assignments of individual application runs
• D)Providing for review and distribution of computer output by an independent control group which reports to the controller

---

Definitions:

General Journal Entry

A general journal entry is a record in the general journal that is used to document business transactions according to the double-entry bookkeeping system.

Perpetual Inventory Method

The perpetual inventory method continuously updates inventory records and cost of goods sold every time a transaction occurs.

General Journal Entry

The initial recording of financial transactions in the general journal, indicating the accounts and amounts to be debited and credited.

Social Significance

The importance or meaning of something within society or a specific community, influencing norms, behaviors, and values.