With a Limited Work Force and a Desire to Maintain

question 5

Multiple Choice

With a limited work force and a desire to maintain strong internal control,which combination of duties would result in the lowest risk exposure?

• A)Updating the inventory subsidiary ledgers and recording purchases in the purchases journal.
• B)Approving a sales return on a customer's account and depositing customers' checks in the bank.
• C)Updating the general ledger and working in the inventory warehouse.
• D)Entering payments to vendors in the cash disbursements journal and entering cash received from customers in the cash receipts journal.

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Definitions:

Growth Hormone

A hormone produced by the pituitary gland that stimulates growth, cell reproduction, and regeneration in humans and other animals.

Correct Abbreviation

The approved or standard shortening of words or phrases, particularly in professional or academic contexts to ensure clarity and uniformity.

FBS

Fasting blood sugar; a test measuring the glucose levels in blood after a period of fasting to assess for diabetes or pre-diabetes.

Correct Meaning

The accurate significance or definition ascribed to a word, term, or phrase.