Which of the Following Internal Controls Would Be Most Likely

question 51

Multiple Choice

Which of the following internal controls would be most likely to deter the lapping of collections from customers?

• A)Supervisory comparison of the daily cash summary with the sum of the cash receipts journal entries.
• B)Segregation of duties between receiving cash and posting the accounts receivable ledger.
• C)Authorisation of write-offs of uncollectible accounts by a supervisor independent of the credit approval function.
• D)Independent internal verification of dates of entry in the cash receipts journal with dates of daily cash summaries.

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Definitions:

M Line

Line in the center of the H zone made of delicate filaments that holds the myosin myofilaments in place in the sarcomere of muscle fibers.

Myosin Head

The globular part of the myosin protein that binds to actin filaments in muscle cells during contraction.

Troponin

A protein complex involved in the regulation of skeletal and cardiac muscle contraction, which binds to calcium ions causing a change that allows muscle contraction.

ATPase Activity

The enzymatic activity involved in hydrolyzing ATP (adenosine triphosphate) to release energy.