Which of the Following Sets of Duties Would Ordinarily Be

question 64

Multiple Choice

Which of the following sets of duties would ordinarily be considered basically incompatible in terms of effective internal control?

• A) Preparation of monthly statements to customers and maintenance of the accounts receivable subsidiary ledger.
• B) Posting to the general ledger and approval of additions and terminations relating to the payroll.
• C) Custody of unmailed signed checks and maintenance of expense subsidiary ledgers.
• D) Collection of receipts on account and maintaining accounts receivable records.