Which One of the Following Would the Auditor Consider to Be

question 21

Multiple Choice

Which one of the following would the auditor consider to be an incompatible operation if the cashier receives remittances from the mailroom?

• A) The cashier posts the receipts to the accounts receivable subsidiary ledger cards.
• B) The cashier makes the daily deposit at a local bank.
• C) The cashier prepares the daily deposit.
• D) The cashier endorses the checks.

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Definitions:

Produced Quantity

The amount of goods or services generated by a business or economy within a specific period.

Monopolist

An entity that is the sole provider of a particular good or service, thereby controlling the entire market for that good or service.

Industry

Industry refers to the production of goods or services within an economy, characterized by various sectors such as manufacturing, technology, and services.

Maximum Profit

The highest possible financial gain a business can achieve in a given period, calculated by maximizing the difference between total revenues and total costs.