The Bonding of Employees Is an Example of Which Feature

question 1

Multiple Choice

The bonding of employees is an example of which feature of a good system of internal control?

• A)Authorization of transactions
• B)Sound personnel policies
• C)Separation of duties
• D)Limited access to assets

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Definitions:

Unearned Fees

Revenue received by a company for services yet to be performed, recognized as a liability until the services are provided.

Fees Earned

Income received for services provided by a company or individual.

Adjusting Entry

A journal entry made in accounting to adjust income or expense accounts so they align with the accrual method of accounting.

Calendar-Year

A one-year period that begins on January 1 and ends on December 31, used for financial and taxation purposes.