Which of the Following Is Not a Common Internal Accounting

question 88

Multiple Choice

Which of the following is not a common internal accounting control procedure in a property business process?

• A) Having physical inventories of property taken periodically under the supervision of staff who are responsible for the custody of the assets
• B) Requiring authorization by an official or committee for expenditures over a certain amount
• C) Reconciling detailed subsidiary property records with the control accounts at least annually
• D) Having the property appraised periodically for insurance purposes

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Definitions:

Mildenhall Treasure

A significant hoard of Roman silver discovered in Suffolk, England, dating back to the 4th century, renowned for its intricate craftsmanship.

Great Dish

An artifact or object, possibly of historical significance, known for its size and possibly its craftsmanship or use in ceremonial contexts.

Greco-Roman Iconography

The study and interpretation of visual symbols and themes that originated in ancient Greek and Roman cultures.

Republican Portraiture

Artistic representations, typically in sculpture, from the Roman Republic era, noted for their realism and detailed depiction of individuals.