Which of the Following Is Not an Internal Control Activity

question 63

Multiple Choice

Which of the following is not an internal control activity for cash?

• A) Surprise audits of cash on hand should be made occasionally.
• B) All cash receipts should be recorded promptly.
• C) The number of persons who have access to cash should be limited.
• D) Most transactions should be in cash to reduce recordkeeping.

Appreciate the diversity of materials and techniques in contemporary abstract art.

Identify how contemporary art and architecture can create or transform public space and memory.

Understand how artists and architects integrate elements of previous movements and styles to create new expressions in their works.

Understand the basic concepts and functionalities of timer instructions in PLC programming.

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Definitions:

Balance Sheet

An overview document showing a business’s assets, liabilities, and the equity of its shareholders on a specific date.

Sole Proprietorship

A business structure where an individual owns and operates the business entirely, bearing unlimited liability for its debts and obligations.

Stockholders' Equity

The owners' claim after subtracting total liabilities from total assets, representing the net value of a company to its shareholders.

Net Income

The residual financial gain of a company after deducting every cost, tax, and expense from the total earnings.