The Most Effective Internal Control Procedure to Prevent or Detect

question 55

Multiple Choice

The most effective internal control procedure to prevent or detect the creation of fictitious credit memoranda for sales returns is to

• A)supervise the accounts receivable department
• B)limit access to credit memoranda
• C)prenumber and sequence check all credit memoranda
• D)require management approval for all credit memoranda

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Definitions:

Comanche

A Native American tribe, historically known as fearsome warriors, who lived in what is now Wyoming, Texas, Oklahoma, and New Mexico.

Loss Of Bison

The significant decline of the American Bison population, primarily in the 19th century, due to excessive hunting, climate change, and habitat loss, greatly impacting Native American cultures and the ecosystem.

New Mexico Territory

A historical region of the United States that existed from 1850 until 1912, when New Mexico became a state, comprising modern-day New Mexico and Arizona.

Americanization

The process through which non-American cultures, societies, or individuals adopt or assimilate American customs, values, and ways of life.