Which Situation Indicates an Internal Control Risk in the General

question 51

Multiple Choice

Which situation indicates an internal control risk in the General Ledger/Financial Reporting Systems (GL/FRS) ?

• A) the employee who maintains the cash journal computes depreciation expense
• B) the cash receipts journal voucher is approved by the Treasurer
• C) the cash receipts journal vouchers are prenumbered and stored in a locked safe
• D) the employee who maintains the cash receipts journal records transactions in the accounts receivable subsidiary ledger

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