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:

Impression Formation

The psychological process through which we form a mental image or judgment about another person based on available information and cues.

Social Psychology

The scientific study of how individuals think, influence, and relate to one another within a societal context.

Schemas

Cognitive frameworks or structures that help individuals organize and interpret information, based on prior experience or knowledge.

Encode

To convert information or an idea into a particular form, often for communication or processing.