A Good System of Internal Control Will Include All of the Following

question 51

Multiple Choice

A good system of internal control will include all of the following except:

• A)Preparing a pro-forma financial statement on a monthly basis.
• B)Separating the handling of cash from the maintenance of accounting records.
• C)Making all major payments by check.
• D)Reconciling bank statements with accounting records.

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Definitions:

GPA Over 3.0

A general academic achievement indicator showing that a student's Grade Point Average is above 3.0 on a 4.0 scale, usually reflecting above-average performance.

Upper Class

In a statistical context, refers to the higher end of a class interval in a frequency distribution, not to be confused with socioeconomic classifications.

GPA Between

Concerns the comparison or calculation of Grade Point Averages for different sets of students or periods.

Involved Alcohol

Tailored to contexts, commonly refers to situations or incidents where alcohol consumption plays a defining or significant role.