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:

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

Behaviorist Perspective

A theory in psychology that focuses on observable behaviors rather than on internal mental processes, emphasizing the role of environment and experience in shaping behavior.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is associated with an unconditioned stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that unconditionally—naturally and automatically—triggers a response without any learning needed.