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:

Frictionally Unemployed

Individuals temporarily out of work while transitioning between jobs, often considered to be a normal aspect of a healthy economy.

Crackerjack

A brand of caramel-coated popcorn and peanuts, often associated with being a classic American snack.

Discouraged

Refers to individuals who are not actively seeking employment due to believing that there are no job opportunities available for them.

Unemployed

The condition of a person who is capable of working, actively seeking work, but unable to find any employment.