When Two Clerks Share the Same Cash Register,which Internal Control

question 117

Multiple Choice

When two clerks share the same cash register,which internal control principle is violated?

• A)Establish responsibilities
• B)Maintain adequate records
• C)Insure assets
• D)Bond key employees
• E)Apply technological controls

---

Definitions:

Unchanged Terms

Conditions or agreements that remain the same and are not altered over time or through negotiations.

Misrepresentation

An untrue assertion of reality presented by one individual to another, resulting in the latter being persuaded to enter into a contract.

Fraud

The intentional deception or misrepresentation made by a person or entity to gain an unfair advantage or to harm another party's interests.

Rectification

The process of correcting or making right an error, especially in legal documents.