Which of These Is Not a Potential Misstatement for the Function

question 27

Multiple Choice

Which of these is not a potential misstatement for the function of recording cash receipts?

• A) cash may not be deposited intact daily
• B) some receipts may not be recorded
• C) errors may be made in journalizing receipts
• D) receipts may be posted to the wrong customer account

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Definitions:

Law and Order

The system of rules that a society establishes to maintain peace, security, and justice among its members.

Piaget's Stages

A theory developed by Jean Piaget detailing four stages of cognitive development in children: Sensorimotor, Preoperational, Concrete Operational, and Formal Operational stages.

Cognitive Development

Refers to the growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding.

Understands Change

The ability or capacity to comprehend or accept modifications, variations, or transformations in conditions or situations.