An Internal Control Questionnaire for Evaluating the Completeness Objective of Cash

question 55

Multiple Choice

An internal control questionnaire for evaluating the completeness objective of cash receipts would not include which of the following questions?

• A) Does the person who opens the mail make a list of cash received?
• B) Are prenumbered sales invoices or receipt books used?
• C) Are current receipts controlled by mechanical devices?
• D) Does a responsible person approve discounts taken by customers with payments on account?

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Definitions:

Inference Forms

Structured patterns of reasoning or argumentation that derive conclusions from premises based on logical principles.

MP

Abbreviation for "Modus Ponens," a logical argument form where from premises 'If P then Q' and 'P,' one can conclude 'Q.'

CD

A compact disc, a digital optical disc data storage format used for storing digital data.

DD

A commonly used abbreviation with multiple meanings, contextually dependent, such as "Due Diligence" in finance or "Double Density" in computing storage.