Which of the Following Is Not True with Regards to Internal

question 23

Multiple Choice

Which of the following is not true with regards to internal controls in the general ledger process?

• A)General ledger employees should never have custody of assets that they record in the general ledger.
• B)A proper segregation of duties in a general ledger system is that general ledger functions should be segregated from special journal recording tasks.
• C)A proper segregation of duties in a general ledger system is that general ledger functions should be segregated from subsidiary ledger tasks.
• D)In a manual and automated accounting system, the same written authorization (signed sign off on a journal voucher) is required to process transactions in the general ledger.

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Definitions:

TIMSS Test Results

Data outcomes from the Trends in International Mathematics and Science Study, assessing the academic abilities of students in these subjects across different countries.

Artificially Inflated

Refers to prices or values that have been increased through artificial means, rather than natural market forces or demand.

Educational Standards

Prescribed learning goals and performance expectations for students at various levels in the educational system.

American Schools

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