One Method of Establishing Proper Internal Control Over the Collection

question 25

Multiple Choice

One method of establishing proper internal control over the collection of accounts receivable is to:

• A) set up a petty cash fund.
• B) make all disbursements by cash.
• C) establish a bank lock box.
• D) designate an authorized check signer.

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Definitions:

Estrogens

Female sex hormones produced by the ovary; promote the development and maintenance of female reproductive structures and of secondary sex characteristics.

Prolactin

A hormone produced by the anterior pituitary gland that stimulates milk production after childbirth and affects many other functions in the body, including metabolism, immune system regulation, and water and electrolyte balance.

Glycoproteins

Proteins that have carbohydrate groups attached to the polypeptide chain, involved in various biological processes, including cell-cell recognition and immune responses.

Erectile Structure

A body part capable of becoming erect or rigid through the engorgement of blood vessels, often used in reference to parts of the reproductive system.