An Element of Internal Control Is

question 172

Multiple Choice

An element of internal control is

• A) risk assessment
• B) journals
• C) subsidiary ledgers
• D) controlling accounts

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Definitions:

February 29

An extra day added to the calendar in leap years, occurring every four years, to keep the calendar year synchronized with the astronomical year.

Defective Batteries

Batteries that fail to meet the necessary performance standards due to manufacturing flaws or damage.

Probability

A numerical scheme to denote how likely an event is to occur, on a scale from 0 to 1.

Still Working

Engaged in performing tasks or duties, typically in a professional context, without having ceased or completed the activity.