Which of the Following Are Internal Controls Relating to Accounts

question 43

Multiple Choice

Which of the following are internal controls relating to accounts receivable?
I-Bad debt write-offs are authorised by a responsible officer.
II- All cash receipts are stored in a locked safe.
III-Monthly statements of account are sent to customers.

• A) III only
• B) II and III only
• C) I and III only
• D) I, II and III

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Definitions:

Diagnosis

The process of identifying and determining the nature of a disease or disorder through evaluation of patient history, examination, and review of laboratory data.

Aetiology

The study of causes or origins, often used in the contexts of disease to describe the factors contributing to the onset of health conditions.

Prognosis

A prediction of the likely course and outcome of a disease or illness.

Medical Model

A framework for understanding illnesses and disorders by identifying them as medical conditions with specific symptoms and treatments.