Which of the Following Internal Control Activities Most Likely Would

question 79

Multiple Choice

Which of the following internal control activities most likely would deter lapping of collections from customers?

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

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Definitions:

Prejudiced Attitudes

Preconceived opinions or judgments towards people or a group that are not based on reason or actual experience, often negative and discriminatory.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their society and develop a sense of self.

Racial Attitudes

The beliefs, feelings, and behaviors individuals hold towards others based on their racial identity.

Assimilation Perspective

A theory or viewpoint that suggests that minority groups gradually adopt the patterns and norms of the dominant culture, leading to a loss of cultural distinctiveness.