Which One of the Following Is NOT a Component of an Entity's

question 36

Multiple Choice

Which one of the following is NOT a component of an entity's internal control?

• A) the accounting system
• B) the control environment
• C) control risk
• D) control procedures

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Definitions:

Sales Order

A document created by a seller upon the receipt of an order from a customer, detailing the products or services ordered and the terms of the sale.

Supplies Inventory

The stock of necessary supplies and materials held by a business for its daily operations or production activities.

Accounts Receivable Balances

Amounts of money owed to a company by customers for goods or services provided on credit.

QuickBooks Data File

Files created by QuickBooks software to store various types of business and financial information, crucial for generating reports, managing invoices, and other accounting tasks.