Each Morning the Controller Gets the Prior Day's Listing of Remittances,a

question 102

Multiple Choice

Each morning the controller gets the prior day's listing of remittances,a copy of the payment report,and a copy of the deposit slip returned from the bank.When comparing these items,the controller would be able to determine that

• A) No checks were returned for insufficient funds.
• B) The cash received and remittance advice received were maintained in a single batch.
• C) The accounts receivable system has controls over unauthorized access.
• D) The assistant controller does not also reconcile the subsidiary accounts payable.

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Definitions:

Sampled Populations

Populations from which samples are drawn for the purpose of conducting research or statistical analysis.

Sample Sizes

The number of observations or items selected from a population to constitute a sample.

Confidence Interval

A confidence interval is a range of values, derived from the sample data, that is believed to contain the true population parameter with a certain level of confidence.

Sample Sizes

The number of observations or data points from the population used to make estimations about the population.