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:

Temporary End Instruction

A directive in programming that signifies a temporary halt or pause in the execution of a sequence of code.

Logic Being Scanned

Refers to the process in programmable logic controllers (PLCs) where the programmed logic is sequentially checked or executed.

Processor

The component of a computer that performs the interpretation and execution of instructions.