Which Control Does Not Help to Ensure That Accurate Records

question 100

Multiple Choice

Which control does not help to ensure that accurate records are kept of customer accounts and inventory?

• A)reconcile accounts receivable control to accounts receivable subsidiary
• B)authorize credit
• C)segregate custody of inventory from record keeping
• D)segregate record keeping duties of general ledger from accounts receivable

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Definitions:

Interest Rate

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal.

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), representing the value of all goods and services produced over a specific period.

Money Supply

The total amount of money resources gathered in an economy at a certain time.

Planned Investment Spending

Expenditure on new physical capital intended by firms, which is part of aggregate spending in the economy.