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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Definitions:

Bonding

The attractive force that holds atoms or ions together in a molecule or compound, forming a stable substance.

Lewis Structure

A schematic that outlines the atomic connections within a molecule and highlights any existing unbonded electron pairs.

Ethyne

A hydrocarbon with the chemical formula C2H2, characterized by a triple bond between two carbon atoms, making it the simplest alkyne.

Acetylene

A colorless, flammable gas, C2H2, used as a fuel and a building block for organic synthesis, known for its high flame temperature when burned in oxygen.