Which of the Following Would Be a Step in an Internal

question 13

Multiple Choice

Which of the following would be a step in an internal control program?

• A)Obtain an aged trial balance of the accounts receivable.
• B)Prepare and send confirmations on a sample of customers' accounts receivable.
• C)Assess the control risk for sales and collections.
• D)Read sales contracts for evidence of customers' rights of return or price allowance terms.

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Definitions:

Energy

The capacity to do work or the power derived from the utilization of physical or chemical resources.

Food

Any nutritious substance that people or animals eat or drink to maintain life and growth.

Fat

A natural oily or greasy substance occurring in animal bodies, especially when deposited as a layer under the skin or around certain organs.

Calories

A unit of energy used to measure the amount of energy contained in food and drink and the energy expended during physical activity.