What Are the Collective Procedures Implemented by Management to Ensure

question 140

Multiple Choice

What are the collective procedures implemented by management to ensure that business activities are properly recorded in the accounting system?

• A) internal accounting system
• B) business system
• C) double-entry accounting system
• D) internal control system

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Definitions:

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Something that is logically sound, legally acceptable, or otherwise officially recognized as correct or legitimate.

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The quality of being consistently good in performance, accuracy, or honesty, engendering trust.

Sampling Bias

A statistical error that occurs when a sample is not representative of the population from which it is drawn, leading to skewed results.

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