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.

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Definitions:

Weekend MBA

A Master of Business Administration program designed for working professionals, with classes and coursework scheduled on weekends.

Misrepresentation

The act of providing false or misleading information about a product or service.

Sales Puffery

Exaggerated or promotional claims about a product or service, not intended to be taken literally, often used in advertising.

Glowing Terms

Expressions of very high praise or an extremely positive nature.