A Well Planned System of Internal Accounting Control Normally Would

question 10

Multiple Choice

A well planned system of internal accounting control normally would include procedures that are designed to provide reasonable assurance that

• A) employees act with integrity when performing their assigned tasks.
• B) decisions leading to management's authorization of transactions are sound.
• C) collusive activities would be detected by segregation of employee duties.
• D) transactions are executed in accordance with management's general or specific authorization.

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Definitions:

Target Cell

In spreadsheet software, a specific cell that is designated for a particular purpose, such as the cell where a formula's result is displayed.

Changing Cells

Cells in spreadsheet software designated for modification, influencing the outcome of formulas or functions dependent on their values.

Constraints

Rules or limitations defined in programming, databases, or problem-solving scenarios that restrict the ways in which data can be manipulated or solutions can be achieved.

Data Validation Criteria

Rules or conditions set for data entry in spreadsheet cells or database fields to ensure the accuracy and consistency of data.