____________________ Is a Process That Assesses the Quality of Internal

question 17

Short Answer

____________________ is a process that assesses the quality of internal control performance over time.

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Definitions:

Journal Entries

Records of financial transactions within the accounting system of a business, showing the accounts affected and the amounts involved.

Reimburse

To pay back or compensate for money that has been spent or lost.

Days' Sales Uncollected

A fiscal indicator quantifying the mean span of days required for a business to receive payment post a sale transaction.

Net Credit Sales

Net Credit Sales refer to the total value of sales made on credit during a specific period, minus returns and allowances.