In an AIS, Human Judgment Is Important In

question 70

Multiple Choice

In an AIS, human judgment is important in:

• A)The second step of the accounting cycle.
• B)The design and implementation of internal controls.
• C)Both the second step of the accounting cycle and the design and implementation of internal controls.
• D)Neither the second step of the accounting cycle nor the design and implementation of internal controls.

---

Definitions:

Capital Balances

The amount of equity each partner or shareholder has in an enterprise, often represented as their ownership stake.

Capital Contributions

Financial investments made by owners or shareholders into a company, enhancing its equity.