Choose the Proper Category of Internal Control Activities That Best

question 186

Multiple Choice

Choose the proper category of internal control activities that best matches the following actions. Each action should be matched with a different numbered item within the internal controls list.
-clearly defined authority and responsibility

• A)One employee or department should verify the work of another.
• B)Specific approval is given by management for the performance of activities.
• C)Accounting and cash collections should be properly separated.
• D)Blank cheques should be stored in a locked location.
• E).Initial entry into the accounting system should be from a consistent source with complete information.

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Definitions:

Currency Field

A specialized field in databases or spreadsheets formatted to display and calculate financial data in the currency format.

Total Row

A row in a spreadsheet or database table that automatically calculates and displays the sum or another statistical measure of data in columns.

Average

A statistical measure that represents the central or typical value in a set of data, calculated by dividing the sum of all values by the number of values.

Banded Rows

A formatting style for tables where rows are alternately colored to improve readability.