Examlex

Solved

At Emerson Company One Bookkeeper Prepares the Cash Deposits While

question 33

Multiple Choice

At Emerson Company one bookkeeper prepares the cash deposits while the other bookkeeper enters the collections in the accounting records.Which of the following is the best explanation of this type of internal control principle over cash receipts?


Definitions:

Administrative Law Judge

An official who presides over administrative hearings, making decisions on disputes between government agencies and those affected by agency decisions.

Federal Trade Commission

A U.S. federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Administrative Complaint

A formal grievance filed with a governmental agency, alleging wrongdoing or violation of rules by an entity or individual.

Equal Credit Opportunity Act

The Equal Credit Opportunity Act is a federal law in the United States that prohibits creditors from discriminating against applicants based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant’s income derives from any public assistance program.

Related Questions